U.S. Ranks #8 In Global Innovation Index

[FreakinDJ]

U.S. Ranks #8 In Global Innovation Index

NAM says the U.S. can't afford to lose its manufacturing innovation edge and the wealth and jobs that it generates.

March 10, 2009

Among 110 countries, the U.S ranked eighth in innovation leadership. Singapore topped the list, followed by South Korea and Switzerland according to the BCG/NAM/MI International Innovation Index.

The report was produced jointly by The Boston Consulting Group (BCG), the National Association of Manufacturers (NAM), and The Manufacturing Institute (MI). The index is part of a broad research study that looked at both the business outcomes of innovation and government’s ability to encourage and support innovation through public policy. The study comprised a survey of more than 1,000 senior executives from NAM member companies across all industries; in-depth interviews with 30 of the executives; and a comparison of the "innovation friendliness" of 110 countries and all 50 U.S. states.

"America needs a bold innovation strategy," said NAM President John Engler. "U.S. manufacturing innovation leadership is at risk. We've fallen behind countries in East Asia and Europe. America can not afford to lose its manufacturing innovation edge and the wealth and jobs that it generates throughout our economy. Government can help move America up the innovation index by enacting more competitive tax, trade and workforce policies that enable U.S. manufacturers to innovate and succeed globally. The report also shows the U.S. needs more competitive immigration and infrastructure policies to help drive innovation," he said.

To rank the countries and states, the study measured both innovation inputs and outputs. Innovation inputs included government and fiscal policy, education policy and the innovation environment. Outputs included patents, technology transfer, and other R&D results; business performance, such as labor productivity and total shareholder returns; and the impact of innovation on business migration and economic growth.

http://www.industryweek.com/articles/u-s_ranks_8_in_global_innovation_index_18638.aspx?ShowAll=1

Gawd - Manufacturing is "So last Millinium - Don't they know America only Manufactures Bad Loans and Exports our Debts as Securitized Mortgage Dirivitives"

[lostnotforgotten]

1. We Manufacture Financial Shenanigans

eom

[BlooInBloo]

2. Money quote...

""A skilled, educated workforce is the most critical element of innovation success -- and the hardest asset to acquire," added co-author Emily Stover DeRocco, president of The Manufacturing Institute. "The study shows that in companies and countries alike, a high number of researchers and advanced degrees -- particularly in science and engineering -- are the greatest predictor of success. Innovation requires capable and skilled people at every level -- from the factory floor to the top floor.""

[madrchsod]

3. blah,blah,blah

i`ve heard this shit to many times...what the article said was true but no one wants to do a dam thing about it. why build anything in the usa because it`s cheaper to build it in a third world sweatshop.

[muriel_volestrangler]

4. And at #4 in the index: Iceland!

Being high on the index is not a guarantee of financial well-being.