U.S. Back Among Most Innovative Nations, UN Unit Says

The U.S. moved back among the top five most-innovative countries in the world, according to a study by the United Nations’ World Intellectual Property Organization.

The country followed Switzerland, Sweden, the U.K. and Netherlands, according to a statement on the report. The last time the U.S. was among the top five on the Global Innovation Index was in 2009. Last year it ranked 10th.

The annual report, ranking 142 economies by their “innovation capability and measurable results,” began in 2007. Its publication today is timed with the opening of a four-day conference in Geneva hosted by the UN Economic and Social Council, focused this year on how science and technology can help achieve the “Millennium Development Goals.”

In 2000, the UN established the Millennium Development Goals, a 15-year plan to reduce poverty and child mortality, and boost access to health care in developing nations.

The U.K. advanced from fifth place, Finland sank to sixth from fourth, and Singapore also fell from the top five, coming in at eighth this year.

The index was prepared with help from Shenzhen, China-based Huawei Technologies Co.

(Corrects location of company in final paragraph of story published July 1.)
Before it's here, it's on the Bloomberg Terminal. LEARN MORE