Bloomberg releases the most innovative countries index for 2019
For the elaboration of this index, which is issued for the seventh consecutive year, dozens of criteria are taken into account, such as research, productivity, development and patents
Bloomberg announced in Davos, Switzerland, the index of the most innovative countries for this year, with some surprises from America and Asia. In its seventh consecutive installment, the platform reveals the criteria that were taken into account for the selection of countries with the greatest advances in innovation.
The selection for 2019 began with the registration of more than 200 economies that were classified on a scale of 0 to 100 over seven categories. All countries had to send the requested data for the seven categories and those that did not would be eliminated, as indeed it happened.
The number of participants was reduced to 95, of which Bloomberg publishes the 60 most important ones in its innovation index, taking into account data from the World Bank, the IMF and the OECD.
The platform takes into account aspects such as “spending on research and development as a percentage of GDP, manufacturing capacities, productivity, patent activity, concentration of researchers and concentration of high-tech companies”.
The most innovative countries and surprises of emerging economies
In order of importance, the 20 most prominent countries are: South Korea, Germany, Finland, Switzerland, Israel, Singapore, Sweden, United States, Japan, France, Denmark, Austria, Belgium, Ireland, Netherlands, China, Norway, United Kingdom, Australia and Canada.
Sweden, the country runner-up in 2018 as the most innovative nation, dropped to seventh place while China and Israel stand out this year. South Korea retained the first place in the Bloomberg Innovation Index 2019 while Germany points in areas such as education, research, manufacturing value added and research intensity. In the eighth place was the United States, which, although it rose three places, lost points due to weaknesses in the education sector.
Great Britain went from position 17 to 18, while China was in second place in patent activity, basing its success on the research and development of Huawei Technologies Co. and BOE Technology Group.
In the delivery of 2019, the United Arab Emirates debuted, ranking 46th among the most innovative countries in the world. From Latin America, the surprise was Brazil, in 45th place, after not qualifying in 2018. And among the new participants in this challenge are some emerging economies, such as India, Mexico, Vietnam and Saudi Arabia. South Africa remains the only classified sub-Saharan nation.
M.Pino
Receive this and all our information directly on your cell phone through our channel on Telegram:https://t.me/BitFinanceNews
