Headline May 26, 2015/ ''' IINOVATING INNOVATION : !WOW! '''

''' IINOVATING INNOVATION : 

!WOW! '''

ASIA  -MARK MY WORDS-  will soon be facing new, freshly minted, growth hurdles. The regions battle against anemic exports demand is already at least four years old.

If you don't buy that from China to Australia, to Thailand, to Pakistan, try asking the Paksitani Textile manufacturers. ASIA, has always been on weaker, weaker foundation, in Innovation.

Great students like, Mariam, Rabo, Dee, Hussain, Shazaib Khan, Salar Khan, Bilal, Mustafa, Ibrahim, Sannan, Hamza, Haider, Aqsa, Paras, Sorat, Malala, Saima, Anam, Jordan- (US), Reza (Canada), Vushnu (India)-  

Toby(China), Eman, Faizan, Qasim Khan, Armeen, Haanyia, Meriam, Dublin, Danyial, Rhym(UK), Akmal Shah-..... must stop and think through on !WOW!'s future technology design: Portal, Vortal, E-Commerce, Interactive interoperability.   

APPLE,  PROCTER & GAMBLE, 3M.......American businesses dominate the list of the most innovative companies in the world.

The iPhone in your pocket has more computing power than the  Voyager spacecraft that left the solar system over two years ago.

High-Tech cancer drugs are being approved every month. A few years into the future, Google' Calico project promises to expand our life span. It's easy, indeed, to be excited about the scientific and technological prowess of American companies.

And new companies trumpeting new products, financed by dynamic venture capital operations, continue to emerge from Silicon Valley, the Boston region, New York, Northern Virginia and elsewhere.

But talk to a scientist in a  research lab  almost anywhere and you're likely to hear that the edifice of  American innovation  rests on an increasingly rickety foundation.

Investment in research and development  has flatlined over the last several years as a share of the economy. stabilizing a about  2.9%  of the nation's gross domestic product in 2012, according to the National Science Foundation.

That may not be far from the overall peak. But other countries are now leaving the United States behind. And even more critically, investment in basic research      -the fundamental building block for innovation and economic advancement-

Steadily shrank as a share of the economy in the decade to  2012, the last year for which there are comprehensive statistics.

The trend poses two big challenges. The first concerns government budgets for basic research, the biggest source of financing  for scientific inquiry. It fell in 2013 o substantially below its level 10 years earlier and-

As one of the most politically vulnerable elements in an increasingly straitened federal budget, looks likely to shrink further.

The second, equally important regards the future of the corporate research. Evidence suggests that American corporations, constantly pressured to increase the next quarter's profits is in the face of powerful foreign competition, are walking away from basic science, too.

''Companies R & D," Ashish Arora of  Duke  University's Fuqua School of Business states,  " is moving from R toward the D.''

This bodes ill for American progress. The number of American patent applications keep rising. Yet increasingly divorced from the scientific advances in which technological progress ultimately rests- the patenting rush looks less and less like innovation.

A research paper by Professor Arora and Sharon Belenzon from Fuqua, and Andrea Patacroni of the  Norwich Business School at the university of East Anglia in England, tracks American corporations loss of interest in scientific research.

The  R&D   of  publicly held companies increased to 2% of sales in 2007 from 1% of sales in 1980. The share of Businesses holding patents increased to just less than 30 % from 20% during the period.

Yet the share of the companies whose researchers published in scientific journals shrank. Publishing original research took a much-diminished role in corporations overall  R&D  efforts.

American corporate labs are the stuff of the legend.

Researchers dream of the Halcyon days of Bell Labs and the  8 Nobel Prize Winners , who brought us the transistor and Unix.

Others reminisce about  Xerox PARC, which came up with   "graphical user interface''   that propelled the personal computer into just about every home and office.

The Honour And Serving of the  ''operational research'' continues. Thank you for reading, and maybe, learning. And just don't miss the following one.

With respectful dedication to tall the Students, Professors and Teachers of the world. See Ya all on  !WOW!   -the World Students Society Computers-Internet-Wireless:

''' Economic Airbags '''

'''Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless