We’re not always on top
A new report from the World Economic Forum states that the US has lost its top position as the primary engine of worldwide technology innovation. In fact, we fell to 7th place. The new rankings are as follows:
I try to stay apolitical on this blog, but there are a few paragraphs in the article that caught my eye:
A deterioration of the political and regulatory environment in the US prompted the fall, the report said.
We’re not all bad though.
Despite losing its top position, the US still maintained
a strong focus on innovation, driven by one of the world’s best
tertiary education systems and its high degree of co-operation with
industry, the report said.The country’s efficient market environment, conducive to
the availability of venture capital, and the sophistication of
financial markets, was also given recognition.
I find it interesting, although not surprising, that so many of the top countries are Scandinavian. After all, DVD Jon is from Norway and The Pirate Bay originated in Sweden. There’s a certain freedom in the laws of those countries.
"Denmark, in particular, has benefited from the very
effective government e-leadership, reflected in early liberalisation of
the telecommunications sector, a first-rate regulatory environment and
large availability of e-government services," said Irene Mia, senior
economist at World Economic Forum.
Perhaps we can learn something from this list. Perhaps we can learn something from Denmark.
I’ve recently started reading The World is Flat. From the first few chapters, I would have expected India to be in the top 10. However, so much of India is still rural. People are engineers and programmers and places like Bangalore are fully wired in their business districts, but that’s it. For the size of the nation, the amount of connectivity is still small and personal computers in the homes are not common. India is ranked 44th.
Tags:
World Economic Forum,
WEF,
technology innovation,
US technology,
Denmark technology,
India technology