Switzerland keeps its prime position in the list and Singapore stays second. Switzerland is renowned for its high investment in Research and Development and highly integrated collaboration efforts between business and knowledge institutes. In Singapore the main factors mentioned are the professional attitude and efficiency of the government. The top 5 is completed with two Scandinavian countries – Sweden and Finland, because of their investments in innovation and their outstanding integration between higher education and companies and The Netherlands.
One of the new-comers in the Top 5 are The Netherlands, according to the recently published report by the World Economic Forum. The last time they were part of the Top 5 was in 2000. The Netherlands score particularly high on “advanced technology” and “innovation” and is therefore one of the most innovative countries of the world this year. The figure below shows the competitiveness of The Netherlands over the years:
The report has taken into account a bunch of different factors, grouped among the following aspects:
- Macro-economical environment
- Health and prime school
- Higher education and training
- Efficiency of the goods market
- Efficiency of the labour market
- Development of the financial markets
- Technological consciousness
- Market size
- Business environment
Spreaded across the different aspects, several different factors in the field of innovation have been studied and depicted in the report. For instance, The Netherlands score as followed on those factors:
The following factors translate as: capacity for innovation, quality of scientific institutes, expenditures on R&D, R&D-related collaboration between universities and companies, governmental procurement of advanced technological products, availability of knowledge workers and intelectual property/patents.
For more information (in Dutch only) you can download the report of the Rotterdam School of Management.