This article is a useful discussion - Battle of the knowledge superpowers - By Sean Coughlan - BBC News education correspondent - http://www.bbc.co.uk/news/education-14949538. -
"Knowledge is power - economic power - and there's a scramble for that power taking place around the globe.
In the United States, Europe and in rising powers such as China, there is a growth-hungry drive to invest in hi-tech research and innovation.
They are looking for the ingredients that, like Google, will turn a university project into a corporation. They are looking for the jobs that will replace those lost in the financial crash.
Not to invest would now be "unthinkable", says Maire Geoghegan-Quinn, the European Commissioner responsible for research, innovation and science, who is trying to spur the European Union to keep pace in turning ideas into industries."
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