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US 'no longer technology king'

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    US no longer technology king Thursday, 29 March 2007 http://news.bbc.co.uk/2/hi/business/6502725.stm The US has lost its position as the world s primary
    Message 1 of 1 , Mar 31 3:56 PM
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      US 'no longer technology king'
      Thursday, 29 March 2007
      http://news.bbc.co.uk/2/hi/business/6502725.stm


      The US has lost its position as the world's primary engine of
      technology innovation, according to a report by the World Economic Forum.

      The US is now ranked seventh in the body's league table measuring the
      impact of technology on the development of nations.

      A deterioration of the political and regulatory environment in the US
      prompted the fall, the report said.

      The top spot went for the first time to Denmark, followed by Sweden.

      Innovation

      Countries were judged on the integration of technology in business,
      the infrastructure available, government policy favourable for
      fostering a culture of innovation and progress and leadership in
      promoting the usage of the latest information technology tools.

      The Networked Readiness Index, the sixth of its kind published by the
      World Economic Forum with Insead, the Paris-based business school,
      scrutinised progress in 122 economies worldwide.

      Despite losing its top position, the US still maintained a strong
      focus on innovation, driven by one of the world's best tertiary
      education systems and its high degree of co-operation with industry,
      the report said.

      NETWORKED READINESS INDEX RANKINGS 2006 (2005)
      1: Denmark (3)
      2: Sweden (8)
      3: Singapore (2)
      4: Finland (5)
      5: Switzerland (9)
      6: Netherlands (12)
      7: US (1)
      8: Iceland (4)
      9: UK (10)
      10: Norway (13)
      Source: WEF

      The country's efficient market environment, conducive to the
      availability of venture capital, and the sophistication of financial
      markets, was also given recognition.

      Nordic crown

      Denmark is now regarded as the world leader in technological
      advancement, with its Nordic neighbours Sweden, Finland and Norway
      claiming second, fourth and 10th place respectively.

      "Denmark, in particular, has benefited from the very effective
      government e-leadership, reflected in early liberalisation of the
      telecommunications sector, a first-rate regulatory environment and
      large availability of e-government services," said Irene Mia, senior
      economist at World Economic Forum.

      European countries to make the top 20 included Switzerland in fifth
      place, the Netherlands, one of the most improved in sixth, the UK
      (nine), Germany (16), Austria (17) and Estonia (20).

      While countries from Asia and the Pacific continued to progress, the
      powerhouse economies of China and India both showed a downward trend.

      India was four positions down on last year to 44th, suffering from
      weak infrastructure and a very low level of individual usage of
      personal computers and the internet.

      China was knocked to 59th place, nine positions down, with information
      technology uptake in Chinese firms lagging.

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