South Korea and Sweden are the most innovative countries in the world
weforum.org
weforum.org
"Bloomberg ranked countries and sovereigns based on their overall ability to innovate and identified the top 50. Six equally weighted metrics were considered and their scores combined to provide an overall score for each country from zero to 100.
1. Research & Development: Research and development expenditure as a percentage of GDP
2. Manufacturing: Manufacturing value-added per capita
3. High-tech companies: Number of domestically domiciled high-tech public companies—such as aerospace and defense, biotechnology, hardware, software, semiconductors, Internet software and services, and renewable energy companies -- as a share of world's total high-tech public companies
4. Postsecondary education: Number of secondary graduates enrolled in postsecondary institutions as a percentage of cohort; percentage of labor force with tertiary degrees; annual science and engineering graduates as a percentage of the labor force and as a percentage of total tertiary graduates
5. Research personnel: Professionals, including Ph.D. students, engaged in R&D per 1 million population
6. Patents: Resident utility patent filings per 1 million population and per $1 million of R&D spent; utility patents granted as a percentage of world total"
It doesn't mean their criteria for innovation is objective or correct, but understanding them will hopefully elevate the discussion from just saying the rankings are garbage -- which it well could be, but is a position arising from emotion and not analysis. (I personally don't think rankings are useful, but the underlying data may be)
[1] https://www.bloomberg.com/graphics/2015-innovative-countries...
It operates businesses in sectors like chipmaking, construction, IT, chemicals, power plants, shipbuilding, etc.
If you've seen a Samsung container ship, or a Samsung-built building (Burj Khalifa, Petronas Towers), you'll have gotten a glimpse at their size and scope.
Their consumer-facing businesses are just the tip of the iceberg.
Maybe on a normalized basis the picture looks a little different?
Also, totally unrelated, and I've never been to China, but based on the observations of Connie Chan (of Andreesen-Horowitz), it seems China has a bunch of innovations in the retail space [1] that most Americans aren't aware of. US innovation is still dominant no doubt, but I'm always fascinated by innovations that we don't hear about because it gives us a sense of perspective in the world.
edit; so the ranking is probably more of a "most innovation-oriented economies" [=higher ratio of R&D/IP industries to retail/manufacturing/agro/etc] rather than "countries creating the most innovations"
South Korea: Samsung, LG, Hyundai, Kia
Sweden: Spotify, Skype (ish), 4G LTE (via Ericsson), Volvo, some medicines via AstraZeneca (ish).
Also both produce various non-consumer products.
(And a lot of music, of course.)
Then it's reported how a different group picked different criteria and puts the US on rank #2 behind Switzerland.
Overall benefit of this article is less than zero because it wastes people's time. Of course the US is one of if not the most innovative countries in the world. Everyone with eyes can see that.
If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future.
Going to the moon is innovating. Putting scooters everywhere is not innovating. Ignoring climate change is not innovating.
There is also a question of what is the better metric. Number of patents may not be the best, but it seems adequate to me.
I'd be curious to see a similar index for sociological innovation. By this, I mean systemic experimentation and progress in social systems.
I'm sure there are a lot of great innovation going on in south korea and sweden, but there is no way to measure "innovation". Is US patents really a criteria for innovation ( Samsung has the most US patents after IBM according to the article ). And I'm sure the world economic forum doesn't have an agenda either.
What numbers do you have to back that statement up? Compared with Europe for example?
US education statistics suck compared to other developed countries. They have for a long time. So why are we surprised by the results of a list that uses education as one of the factors?