This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email


clipped from


Jul 30th 2007

INVENTIVE Japan grants more patents than any other country. In 2002-05, on average 1,213 were given out for every million people, according to data collected for 82 countries by the Economist Intelligence Unit. But this impressive number is partly explained by multiple counting: each part of a new product required a separate patent application. Elsewhere, the parts would all be submitted in one. Generally, small countries grant the most patents. Switzerland, Sweden and Finland benefit from clusters of world-class companies in high-tech sectors and a highly educated workforce. Israel can thank its well-educated immigrants. Crumbling Cuba grants more patents than fast-growing India or China, though both countries are better known for their ability to copy, rather than create, intellectual property.