Friday, January 26, 2018

Korea's R&D leadership and commitment to education

My last post noted that Korea continues to lead Bloomberg Innovation Index, one element of which is R&D intensity.  However, R&D intensity is not only an important element in innovation.  Perhaps more importantly it is one indicator of a nation's commitment to education, as I noted in a 2014 post. It is well worth updating the graphic from that post which was based on data through 2012.  As the accompanying graphic shows (click to see a full size version), by the end of 2015, Korea had matched Israel as the world leader in R&D intensity.  This long term commitment of money to support research and development says volumes about this nation's commitment to education, science, technology, and the solution of world problems.

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