USA Still Leads In Innovation

Posted on December 13, 2006  Comments (0)

In innovation, the U.S. still leads by Dr. Venkat Lakshmi:

But this is not entirely the case. The United States is still the center of the world when it comes to innovation and original thinking. In this year’s Nobel Prizes, Americans won in physics, chemistry, physiology or medicine, and economics. The Nobel Prize in literature was won by Turkish writer affiliated with Columbia University. The other exception was the prize for peace. So in four of six categories, the winners were Americans.

In the past few years, the United States has led the innovation in the Internet revolution. Who 10 years ago could imagine three 20-somethings coming up with the idea of posting video clips on the Internet? This led to the creation of YouTube, which was bought out by Google (yet another enterprise put together by two graduate students) for a mind-boggling sum of $1.6 billion.

I agree that the USA continues to lead especially in those 2 areas. Those winning Nobel Prizes normally made their breakthrough decades before. My guess is the United States will not have as large a percentage of winners from 2020-2029 as it did from 1990-1999 (and I can’t image many people would disagree). And the USA continues to do very well at commercializing innovation. Others are catching up, but still the USA is doing very well in this area – it seems to be the strongest position for the USA (among things such as manufacturing, basic science research, activity in space, k-12 science and engineering education, health care, robotics, science and engineering higher education…).

Related: America’s Technology Advantage Slipping – China’s Gene Therapy Investment – Engineering the Future Economy

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