Graduation Year


Date of Submission


Document Type

Open Access Senior Thesis

Degree Name

Bachelor of Arts


International Relations

Reader 1

Jennifer Taw

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© 2017 Tanay Gupte


With the advent of the internet age, the way in which global society interacts with technology has changed dramatically. The instantaneous availability of information and connectivity, signal the rise of a knowledge economy. This is a system in which the most valuable resource, to nations and private enterprise, is knowledge. This thesis argues that value is created through knowledge flows, which result in innovation and technological advancement. This technological advancement is the primary determinant of a nation’s global competitive advantage in a globalized knowledge economy. This thesis then posits that these innovations are fostered by institutional, social, cultural, economic, and governmental factors within a nation. These factors make up a nations’ National Innovation System (NIS). Using case studies of the US, China, India, and the EU, this paper then attempts to deconstruct, compare, and contrast the innovation strategies of each country and what implications they might have for the future. Lastly, an analysis of potential trends attempts to forecast the global innovative landscape in the near future.