Print
Email
Print Edition StoriesThursday, February 26, 2009
Report: U.S. last in boosting innovation economy
By Brendan Lynch
Interactive map of Greater Boston tech layoffs in 2009
How is the economic crisis affecting tech companies?
A report has ranked the United States last in progress toward creating an innovation-based economy since the turn of the century.
The Information Technology and Innovation Foundation report, “The Atlantic Century: Benchmarking EU and U.S. Innovation and Competiveness,” ranked 40 countries on their ability to compete on the basis of innovation in categories such as human capital, innovation capacity, entrepreneurship, IT infrastructure, economic policy factors and economic performance.
The study breaks with other recent studies suggesting the U.S. is a leader in innovation. In overall competitive innovation, the study ranks the U.S. sixth, behind world-leader Singapore. Since the turn of the century, however, the U.S. ranks 40th out of 40 countries, with China leading the pack. The study also finds that if the European Union continues to improve at a faster rate than the U.S., the EU will be more competitive in innovation by 2020.
To reclaim a high standing, the Washington, D.C.-based foundation suggests the U.S. incentivize firms to innovate within its borders, become more open to highly skilled immigrants, foster a digital economy, support innovative institutions and ensure policies and regulations support, rather than retard, innovation.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
