mardi 16 avril 2013

Discussing Efficiency and Innovation as paths to economic growth

[...] Systematic Analysis of Innovation for national economic growth

The Global Innovation Index is a global index measuring the level of innovation of a country, produced jointly by The Boston Consulting Group(BCG), the National Association of Manufacturers (NAM), and The Manufacturing Institute (MI), the NAM's nonpartisan research affiliate. NAM describes it as the "largest and most comprehensive global index of its kind".

The International Innovation Index is part of a large research study that looked at both the business outcomes of innovation and government's ability to encourage and support innovation through public policy. The study comprised a survey of more than 1,000 senior executives from NAM member companies across all industries; in-depth interviews with 30 of the executives; and a comparison of the "innovation friendliness" of 110 countries and all 50 U.S. states. The findings are published in the report, "The Innovation Imperative in Manufacturing: How the United States Can Restore Its Edge."

The report discusses not only country performance but also what companies are doing and should be doing to spur innovation. It looks at new policy indicators for innovation, including tax incentives and policies for immigration, education and intellectual property.





The study measured both innovation inputs and outputs. Innovation inputs included government and fiscal policy, education policy and the innovation environment. Outputs included patents, technology transfer, and other R&D results; business performance, such as labor productivity and total shareholder returns; and the impact of innovation on business migration and economic growth.

Singapore is ranked number one when small and large countries are mixed. South Korea (population about 49 million) is the top for large countries.

For decades, the Singapore government has aggressively courted foreign investment. The Southeast Asian island nation is a center for manufacturing, with strong petrochemicals, consumer electronics, and pharmaceutical industries, and the government has funded the growth of industrial parks focused on nurturing innovation in technology and biotech. Singapore's universities receive extensive support from the government, helping to make the country an attractive destination for multinationals seeking a well-educated workforce. Although Singapore has a population of just 4 million, the country makes it relatively easy for foreign talent to live and work there.

Singapore is not highly regarded in terms of the arts.
South Korea does have PSY and Korean soap operas. However, that is not a factor in Samsung putting a beat down on Apple in technology. ...


APRIL 16, 2013

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