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US Lead in Science and Technology Diminishes
US predominance in science and technology (S&T) eroded during the last decade, as several Asian nations - particularly China and South Korea - rapidly increased their innovation capacities. According to a report released recently by the National Science Board (NSB), the major Asian economies, taken together, now perform a larger share of global research and development (R&D) than the US, and China performs nearly as much of the world's high-tech manufacturing as the US.
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