Top of the Class: Russia Ranks 14th in Innovation Index
The Bloomberg news agency has just released a list of the most innovative countries in the world, among which Russia features prominently. Ranking above the UK, China and India – which failed to make the list at all – Russia has taken 14th place in the agency’s World Innovation Quotient.
Feb 13, 2013
The Bloomberg news agency has just released a list of the most innovative countries in the world, among which Russia features prominently. Ranking above the UK, China and India – which failed to make the list at all – Russia has taken 14th place in the agency’s World Innovation Quotient. The index rates the top 50 most innovative countries, which resulted from an analysis of 200 countries and sovereign territories.
Bloomberg analysts considered seven factors when compiling the index, including R&D intensity, productivity, high-tech density, researcher concentration, manufacturing capability, tertiary efficiency and patent activity. The study used data from the World Bank, the World Intellectual Property Organization, Conference Board, the Organization for Economic Cooperation and Development (OECD), and UNESCO.
In addition to its overall ranking in the top 20, Russia took second place in both high-tech density and tertiary efficiency. High-tech density accounted for 20 percent of the overall score and is defined by the number of high-tech companies as a percentage of all public companies within in the country. Russia also placed 8th in patent activity.
Falling between Norway (13) and Belgium (15), Russia’s weakest showing was in productivity and the contribution of manufacturing to GDP.
In addition to its strong position overall, Russia ranked 4th in Asia, and 8th in Europe.
Bloomberg analysts considered seven factors when compiling the index, including R&D intensity, productivity, high-tech density, researcher concentration, manufacturing capability, tertiary efficiency and patent activity. The study used data from the World Bank, the World Intellectual Property Organization, Conference Board, the Organization for Economic Cooperation and Development (OECD), and UNESCO.
In addition to its overall ranking in the top 20, Russia took second place in both high-tech density and tertiary efficiency. High-tech density accounted for 20 percent of the overall score and is defined by the number of high-tech companies as a percentage of all public companies within in the country. Russia also placed 8th in patent activity.
Falling between Norway (13) and Belgium (15), Russia’s weakest showing was in productivity and the contribution of manufacturing to GDP.
In addition to its strong position overall, Russia ranked 4th in Asia, and 8th in Europe.