TECHNOLOGICAL INNOVATION IN THE BRIC ECONOMIES

Despite the tremendous economic potential of the Brazilian, Russian, Indian, and Chinese (BRIC) economies, few studies have compared technological innovation in these countries. This study investigates three main issues related to technological innovation in BRICs: 1) indicators of technological innovation were evaluated and used to compare capability of technological innovation between the four countries; 2) differences in innovative configurations were mapped based on constructs of ''fundamental vs. applied innovation "and "incremental vs. radical innovation"; 3) the absolute and relative innovative strengths of these four countries were examined in 31 different technological fields. The empirical findings are based on analysis of a patent and citation data set comprising all utility patents granted by the U.S. Patent and Trademark Office to BRIC inventors from 1976 to 2006. These findings elucidate the comparative development of technological innovation in BRIC countries.