Small Countries Top Innovation List. China Makes Most Innovation Progress over Last Decade.

In a report prepared by the Information Technology and Technology Foundation (ITIF) Singapore, Sweden, Luxembourg, Denmark and S. Korea edge out the US in innovation-based competitiveness. The U.S. still leads the European Union. Somewhat shocking is that the U.S. ranks last in progress toward the new knowledge-based innovation economy over the last decade. China ranks first. ITIF uses 16 indicators to assess the global innovation-based competitiveness of 36 countries and 4 regions. "This report, ranking the poor US innovation performance over the last decade, is another reminder of the urgency to invest in our talent, entrepreneurs and infrastructure if we intend to lead the global economy recovery," comments Egils Milbergs.

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Results from the report