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What is driving Asia’s technological rise?
Heavy investment in regional tech startups, robust regional tech supply chains
Jonathan Woetzel and Jeongmin Seong
24 Dec 2020
Asia is a technological force to be reckoned with. Over the last decade, the region has accounted for 52% of global growth in tech-company revenues, 43% of startup funding, 51% of spending on research and development, and 87% of patents filed, according to new research by the McKinsey Global Institute ( MGI ). How did Asia get here, and what lessons does its success hold for the rest of the world?