A total of 60 nations are included in the index, which is compiled using criteria including research and development spending, manufacturing capability, and concentration of high-tech public companies.
Innovation was a hot topic this week at the World Economic Forum in Davos, Switzerland, as the political, academic, and business elite discussed technological solutions to the current climate crisis. Germany secured first place because of its positive ratings in patent activity, high-tech density, and value-added manufacturing. South Korea, on the other hand, recorded a slump in productivity, pushing it down to second place.it grew at its slowest pace in six yearsMeanwhile, Singapore rose from sixth place to third overall, and three Nordic countries made it into the top 10.
Japan's innovation ranking dropped by three spots since last year , and the US, which held first place when the Bloomberg Index first debuted in 2013, is now only the ninth most innovative country in the world. The second-largest economy, China, rose one spot to 15th.10. FranceFrance is one of the few countries on this list that didn't change its ranking.
It was marked well for investment in corporate research and development and its telecommunications infrastructure, but its education system didn't stack up to the competition.
This is non sense.... Google FaceBook Apple Microsoft Amazon Uber Tesla and it goes on and on...
But we’re now right up there in the laughingstock category.
America isn't innovative because it is an established nation, with lots of bureaucracy and red tape, bout time america started to get more innovative!!
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