International innovation competes against the US to see who will make it to the market first with a new product. The most important industry for international innovation has been in technology. When speaking of international innovation and technology the country that comes to mind is Japan.
Japan is a leader in electronics and other technology. In fact Japan rivals Silicon Valley for international innovation acclaim. Many of the electronic products the world uses come from Japanese companies. Recently international innovation has changed its focus for some countries. India, China, and Korea are all trying to become more innovative, not only in technology but financially and economically. These three countries are gaining in stability, but it will take a few more years before they can rival Japan or the US.