Tuesday, September 02, 2008

Another voice warns of an innovation slowdown (NYTimes)
Of college graduates, 30 percent to 45 percent in India and China have engineering degrees, compared with 5 percent in the United States. Venture financing and patent applications are falling in Europe and the United States and rising in China and India, he said.

Most alarming to Mr. Compton is that 60 percent of engineering doctorates from American universities are granted to foreign nationals, but they are no longer staying here to work. “The American economy is not as exciting as China and India, and a lot of them are going back home,” he said.

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