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Getting the Most from Tech Investment

A study by Nokia Siemens Networks shows that countries with extensive tech infrastructures aren't taking full advantage for economic growth

Countries could pump "hundreds of billions of dollars" into their economies by making better use of technology, according to a new report by Nokia Siemens Networks. The company, a joint venture between Germany's Siemens (SI) and Finland's Nokia (NOK), commissioned a London Business School professor and an economic consulting firm, LECG's (XPRT) Global Competition Policy Practice, to study not only the technological infrastructure of 25 countries around the globe, but also how well each country makes use of it.

The findings show that even the most well-connected countries, such as the U.S. and South Korea, have far to go before making the most of their sophisticated technology infrastructures. On a list of 16 "innovation-driven" economies, as defined by the World Economic Forum, the U.S. came out on top but with a score just short of 7 on a scale from 1 to 10.