Communications of the ACM
The .s. Drops Out of the Top 10 in Innovation Ranking
Credit: The Walrus
The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled. South Korea and Sweden retained their No. 1 and No. 2 rankings.
The index scores countries using seven criteria, including research and development spending and concentration of high-tech public companies.
The U.S. fell to 11th place from ninth mainly because of an eight-spot slump in the post-secondary, or tertiary, education-efficiency category, which includes the share of new science and engineering graduates in the labor force. Value-added manufacturing also declined. Improvement in the productivity score couldn't make up for the lost ground.
"I see no evidence to suggest that this trend will not continue," says Robert D. Atkinson, president of the Information Technology & Innovation Foundation in Washington, D.C.
From Bloomberg
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