The UN has ranked nations for innovation - South Africa is 57th out of 128 countries The Global Innovation Index is produced jointly by WIPO and two business schools - INSEAD and the SC Johnson College of Business at Cornell University, and seeks to shed light on countries' competitiveness based on 81 indicators. Emerging markets are climbing up the ranks of the world's most innovative nations, an annual U.N. survey showed on Thursday, although wealthy Western countries led by Switzerland still dominate the top spots. The annual U.N. survey of 128 countries showed China rose three spots to 22nd place on the list, far ahead of other developing countries. Switzerland has topped the list every year since 2011, followed this year by Sweden, the Netherlands, the United States and the United Kingdom, while the United Arab Emirates, Vietnam and Kuwait were some of the biggest risers. India rose six places to 60th in this year's rankings, the 10th edition, outperforming relative to its economic strength for the seventh year running. But it remained badly let down by its bureaucracy and infrastructure. South Africa moved down from 54th to 57th place. One of SA's weaknesses is the lack of ICT services exports (we're a net consumer of ICT servces). The full rankings and report can be read at http://ift.tt/2sscBln. See http://ift.tt/2uN5o11
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