Affiliation:
1. Armenian State University of Economics
2. "AMBERD" Research Center, Armenian State University of Economics
Abstract
The paper examines the
trajectory of technological development of European and Asian
countries. The economic complexity index, along with indicators
such as patents securing intellectual property rights registered
with both the national patent office and the US Patent and
Trademark Office, as well as research and development (R&D)
expenditures, have been used to characterize technological
development. In terms of economic complexity, many EU
countries continue to appear in the world's top ten, but the leading
EU nations are gradually ceding their positions in the global top
three to certain Asian countries. EU countries do not exhibit
homogeneity in their performance. The differences between
leading and lagging countries in terms of the studied indicators
are significant, albeit decreasing over time. The ratio of public and
private R&D expenditures is also different, in general, with the
predominance of private expenditures on average. The study
shows that European countries have consistently maintained a
leading role in technological development, while certain Asian
countries have transitioned from being consumers to creators of
knowledge and technology in recent decades. Key factors
contributing to the technological development of Asian countries
include acquiring patents from developed nations, importing
technologies, attracting foreign direct investments, and
establishing industrial clusters. These factors underscore the
pivotal role of the state.
Publisher
Messenger of Armenian State University of Economics, Armenian State University of Economics
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