Australia, Singapore And Sweden Top New Technological Readiness Ranking

Australia, Singapore And Sweden Top New Technological Readiness Ranking

by June 5, 2018
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Government investment will drive a broad-based improvement in countries’ tech-readiness in the next five years, is the key finding of Preparing for disruption: Technological Readiness Ranking, a report released tJune 5th by The Economist Intelligence Unit.

Spending on e-government, cyber-security and a robust e-commerce environment will increasingly be seen as a policy priority.

This report builds on the success of The EIU’s long-running Business Environment Ranking, which measures the attractiveness of 82 of the world’s largest economies as investment locations.

Technological Readiness Ranking

The EIU’s new ranking focuses on how future-oriented these 82 business environments are. It assesses eight indicators across three categories:

  • Access to the internet, which looks at internet usage and mobile phone subscriptions.
  • Digital economy infrastructure, looking at e-commerce, e-government and cyber-security.
  • Openness to innovation, exploring international patents, research and development (R&D) spending, and the research infrastructure.

Emily Mansfield, Country Forecast Director at The Economist Intelligence Unit, said:

Emily Mansfield

Emily Mansfield

“Technological change is inescapable, and how well prepared governments, businesses and individuals are for disruption is increasingly important.

The US will climb sharply in our ranking in the coming years as internet access improves, and will remain the world leader for innovation clusters and new patents.

Meanwhile the UK’s position will decline, reflecting comparatively low R&D spending—a key contributor to productivity growth—and inadequate investment in cyber-security.”

Download the full report at: http://www.eiu.com/technological-readiness

 

Featured image via Pixabay

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