the United States takes action now to improve its innovation and commercialisation processes, it will lose its leading position by all measures of innovation by 2029, the authors of a new report have claimed. The outlook is similarly gloomy for the EU and the UK, with the study predicting that East Asian countries mainly China and South Korea are set to race past their western counterparts in patent grant numbers, patent quality growth, and return on R&D spend, among other metrics.