In a poll of businessmen from several countries using data sets from the World Bank and the Organization for Economic Cooperation and Development, Insead Professor Soumitra Dutta ranked countries on innovation. Iceland tops the list of top innovators and 7 of the top 10 countries on this list are European. The United States slipped to #11. India and China are again in the middle of the pack.
Though most innovation indices rank countries on the basis of their research spending as a proportion of the gross domestic product (GDP) and number of scientific publications and their patent output, and other newer parameters, Dutta’s exercise complements these with broader criteria such as soundness of banks and ease of doing business.
Last updated: July 10th, 2024
