There are numerous programs and indexes launched each year to assess a country’s innovation capabilities (several are listed below). Among the most comprehensive and credible is the Global Innovation Index prepared by INSEAD, which last week released its 2009-2010 report, revealing some unexpected outcomes.
Firstly, the USA lost its number one spot, tumbling to 11th place. Secondly, the country to take its numero uno position is the troubled nordic economy of Iceland. Soumitra Dutta, an INSEAD professor of business and technology, who oversaw the survey, explains that, this year, size did indeed matter. But, in this case, it’s the smaller that have done better.
The most populous land in the Top 10 is Sweden, with 9.2 million people. It finishes second. Several of the biggest nations in the developed world cluster just below the US — Japan is 13, with Britain at 14 and Germany at 16. Of the so-called BRIC giants in emerging markets, China comes out best, at 43. Trailing are India (56), Russia (64), and Brazil (68).
To read the full, original article click on this link: Australia’s innovation ranking takes another hit while entrepreneurs rally | Anthill Magazine
Author: James Tuckerman
