Area Development News Desk (03/09/2009)
The United States ranked eighth in innovation leadership among 110
countries, according to a new report produced jointly by the Boston
Consulting Group (BCG), the National Association of Manufacturers
(NAM), and the Manufacturing Institute (MI). Singapore was the highest
ranked country on the list, followed by South Korea, Switzerland,
Iceland, and Ireland. The BCG/NAM/MI International Innovation Index is
part of a broad research study that looks at both the business outcomes
of innovation and the government's ability to encourage and support
innovation through public policy. "U.S. manufacturing innovation
leadership is at risk," says John Engler, NAM's president and CEO.
"We've fallen behind countries in East Asia and Europe. America cannot
afford to lose its manufacturing innovation edge and the wealth and
jobs that it generates throughout our economy." Six states were
individually scored above average in their innovation policy
environment and performance: California, Connecticut, Delaware,
Massachusetts, New York, and Washington. The study was comprised of
more than 1,000 senior executives from NAM-member companies across all
industries, along with in-depth interviews with 30 of the executives,
and a comparison of the "innovation friendliness" of 100 countries and
all 50 U.S. states individually. Factors included such outputs as
patents, technology transfer, and business performance, as well as
inputs such as fiscal policy, education policy, and the innovation
environment.

All contents copyright 2024 Halcyon Business Publications, Inc.