| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : Innovation Last Updated: Apr 16, 2013 - 10:56 AM

Global Information Technology Report 2013: Finland best of 144 countries as Ireland slips
By Finfacts Team
Apr 15, 2013 - 7:57 AM

Email this article
 Printer friendly page

Finland has toppled Sweden from the top spot in a ranking of economies that are best placed to benefit from new information and communication technologies (ICTs). Singapore came in second and Sweden third in the 2013 Networked Readiness Index, compiled by the World Economic Forum (WEF) for its Global Information Technology Report. Ireland fell two rank to 27th of 144 countries.

The Networked Readiness Index, calculated by the World Economic Forum, and INSEAD, the French business school, ranks 144 economies based on their capacity to exploit the opportunities offered by the digital age.

The WEF says Nordic countries and the so-called Asian Tigers - - Singapore; Taiwan (China); South Korea; and Hong Kong SAR (special administrative region) - - dominate this year's index thanks to their business-friendly approach, highly skilled populations and investments in infrastructure, among other strengths. Finland, which arguably has one of the best educational systems in the world, stands out as a digital innovation hub. It boasts the world’s highest number of patent applications per capita in the domain of ICTs), which are ubiquitous in Finland. Ninety per cent of Finnish households have Internet access, compared to about 70% in the United States and 85% in the United Kingdom.

Among the top 10, the United Kingdom posts the biggest rank improvement to 7th place, above the United States, which slips to 9th place despite a performance essentially unchanged from the previous year.


Rankings [pdf]

The BRICS economies, led by Russia (55th) continue to lag behind in the rankings. The report suggests that their rapid economic growth may be in jeopardy unless the right investments are made in ICT, skills and innovation. Down seven, China ranks 58th, followed by Brazil (60th), India (68th), and South Africa (70th). 

The researchers look at 10 areas in ranking an economy on what it calls its Networked Readiness Index, including political and regulatory environment; business and innovation environment; infrastructure and digital content; affordability; skills; individual usage; business usage; government usage; economic impacts and social impacts.

"I think China has dropped not so much because the circumstances became worse, but because other countries have been catching up faster," said Benat Bilbao-Osario, a co-editor of the report. "To a large extent, China's stagnation reflects its large geography," he added. "You have southeast China, which is actually really well connected and developed, but then you have large portions of the population of inland China where the situation is not so rosy."

Another concern is the entrepreneurial and innovation ecosystem where China is still scoring quite low, Bilbao-Osario said. "This ranking can be a sort of wakeup call for the country in order to think where its growth is going to come from."

He singled out Lenovo and Huawei as companies in China that are excelling in innovation and introducing new products.

"I know that China is starting to implement ICT more," Bilbao-Osario said. "However, in order to be able to remain competitive and keep growing, China will have to focus on differentiating its supply of goods and services, which implies having higher rates of innovation." In addressing China's environmental issues, he said ICT may be better integrated with other technologies to boost a better environment.

In 2006, the Irish government set a goal that by 2013 Ireland would be recognised as a 'world-class knowledge economy.' Even before 2013, the goal was quietly buried while policy makers and the eco system of vested interests dependent on public funds, have carried on as if there never was a goal.

Patent applications at the Irish Patents Office in 2011 were at the lowest since 1982.

Finfacts Report: Innovation, a failed enterprise policy and inconvenient facts for 2013

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

Latest Headlines
Digital Taylorism: Amazon's chief rejects depiction of "soulless, dystopian workplace"
Most surviving startups do not grow; Tiny number powers jobs engine
Despite euro dip China & US remain most competitive manufacturing nations
Business startup rates up in most OECD countries led by Australia and UK
NASA's Kepler mission has confirmed the first near-Earth-size planet
Energy subsidies at 6.5% of global GDP; Commodity prices to remain weak
US startups rely on personal savings, debt; Venture capital funds less than 1%
Europe produces 13 $1bn+ "unicorn" startups in one year; London is Europe's digital capital
Irish-based firms raised €120m in VC funding in Q1 2015; Some top recipients Irish for tax purposes
Ireland: Fourth highest 25-34 year old ratio of third-level graduates in developed world: So what?
Business dynamism/ employer firm startups in US secular decline
Innovation Union Scoreboard 2015: Sweden, Denmark, Finland and Germany are on top
Education systems failing to provide students with skills for success in 21st century
US, Switzerland, Denmark, Sweden, Finland have best higher education systems
Handbook of Service Innovation: Ireland moving up the value chain?
Switzerland revives silk industry that thrived for two centuries
Sales of Irish tech firms create 300 millionaires in 15 years and no scaleups
Apple warns of 'material' tax payments from EU's Irish tax investigation
Apple earnings surge 33% on higher price and iPhone sales jump in China
Big Pharma's internationalisation of R&D to China
The dangers of romanticising entrepreneurs despite key role
UK and Irish business R&D heavily reliant on foreign-owned firms
Silicon Valley and the development of the silicon microchip - Part 2
Ireland: Innovation with or without R&D/ scientific breakthroughs
UK government most open/ transparent in world; Ireland & Greece lowest ranking in Europe
10 questions about Switzerland's Solar Impulse aircraft – answered
Silicon Valley loses its silicon; Typical household income stagnates - Part 1
21st century skills are 18 century skills + a computer
Growing ICT sector in Europe accounts for 5% of employment
Should Ireland copy Singapore's scientific research investment plan?
Startups vs Scaleups: 4% of UK startups have 10+ employees 10 years later
Irish patent filings at European Patent Office fell in 2014
Facebook's maze of privacy settings maybe in breach of European law
Apple to invest €1.7bn in Irish and Danish data centres
Silicon Valley insider warns of dodgy $1bn valuations of private companies
Israel's Startup Nation not a jobs engine; Nor is Irish high tech
Established industries often beat new technology investment returns
Ireland: Noonan said EU to drop Apple tax case; Now expects court case
Irish R&D Tax Credit: No evidence of rising business innovation; Facts don't matter
Apple reports biggest profit of a public company in history