Innovation isn’t exactly a measure of intelligence or output of people living in a country. It is the ability of a state to enforce modern progressive laws, remove obstacles to trade and commerce and do business intelligently while relying on cutting edge technology as their competitive advantage. Many countries claim to be at the top of the innovation pyramid based on their contributions towards science and society, but if they were to be ranked in terms of their collective innovative imprint on the world, how will they be placed?
Lets us take a look at this survey from the Cornell University and the World Intellectual Property Organization’s annual Global Innovation Index and see how the top 15 positions fared in the list.
15. New Zealand
The land of the Lord of the Rings Trilogy has seen a significant increase in innovative filming technology in recent years especially in the use of drone technology. It ranks 15th on our list.
14. South Korea
The small Asian nation has been at the forefront of innovation thanks to its cutting-edge improvements in electronics and other R&D sectors.
The small Scandinavian country is back in the mix after overcoming financial woes. It is now becoming an innovative unit for housing much of the internet’s data.
Germany is a robust, innovative country finding its place mainly for its countless developments in the automotive sector.
11. Hong Kong
The Chinese government’s vassal state has cemented its place in the innovation index and won’t let go that easily.
The high rank of the Denmark is due to its high quality of education, a large numbers of researcher community and efficient system of governance.
One of the smallest countries in the world is ranked ninth due to its high score in investment and trade divisions. Education is also one of the things that boost its rank.
Despite the sluggish economy, the Republic of Ireland is at such a high rank on innovation because of its infrastructure and creative outputs.
The East Asian nation stands out for its sustainable development sector and stable political environment.
Another Scandinavian country in the list means that this region is one of the most innovative in the world. Finland also has similar reasons for being here by excelling in technology, research and higher education.
5. United States
The United States is back in business with a positive stock exchange, its popular social media revolution and development in Information Technology.
The land-reclaimed nation is fourth on the list because of its strong online culture with the government and advancements in science and technology.
The high-achieving Sweden has continued to achieve more because of its countless universities and research environment.
The United Kingdom despite having lower education and productivity makes this list because of good all round display.
The most innovative country in the world also happens to be the deposit bank of the world. Its knowledge-based economy and lucrative projects that spin a lot of money and knowledge keep it top of the world.
[Via Cornell University]