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These Are the World's Most Innovative Economies

Nordic nations dominate the top 15, while South Korea reigns supreme and Russia is dealt a huge blow
Traffic moves along a street at night in the Yeouido financial district of Seoul, South Korea, on Monday, Jan. 24, 2010.
Photographer: SeongJoon Cho/Bloomberg
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There’s something about those Nordic countries.

In the battle of ideas, Sweden climbed to No. 2 and Finland cracked into the top five of the 2017 Bloomberg Innovation Index, which scores economies using factors including research and development spending and the concentration of high-tech public companies.