Patents Per Dollar: Which Nation Leads
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A new very interesting study documents both the number of patents nations register, but also a better measure of innovation: "Measuring innovation by how many patents a country files for each dollar of research budget reveals the true map of innovation winners around the glove."
Japan, for instance, registered more patents last year any nation: 217, 364 to the United States' 154,760. Beats me. I thought America would easily come out on top. I mean, Google, Facebook, Twitter, Intel, Cisco, IBM, Apple, H-P are all American. It would be interesting if this study included a "useful chart": patents that actually are useful for the average individual and the economy and actually make a difference and not just for show. Perhaps a lot of Japanese patents are for human-like robots and Hello Cats machines. I think America would easily win a contest for which nations produces the more useful patents for making the world better and freer.
Anyway, the list goes and rounds out with Peru at 6 patents. Old Peru!
But when it comes to patents-per-dollar invested in R&D the clear winner is South Korea. The nation literally gets more band for its buck than any other nation. Koreans know how to invest their money so as to limit wasted investment and maximize their investment toward profitability. America did not do so bad, but far less than Korea. A lot of money is probably squandered in the fun of Silicon Valley. In this measure of innovation which the study, again, says is a "true map of innovation winners around the glove", the nation with the least amount of innovation per dollar invest is Israel.
The chart for your own analysis:
To see the chart in larger form.
