"Bloomberg" ranks Israel in 32nd place out of 50 countries in its Global Innovation Index, even though it ranks Israel number 1 in R&D intensity. However, other components drag Israel down. It is ranked 24th in productivity and 41st in patent activity. These are partly offset by a 7th place ranking in high tech density and tertiary efficiency. Israel was not rated for two components: researcher concentration and manufacturing capability.
"Bloomberg" ranked the US in first place, followed by South Korea, and Germany. Finland, Sweden, Japan, Singapore, Austria, Denmark, and France round off the top ten.
Israel is ranked behind Estonia, Poland, and China, and lags well behind Russia, Hungary, Portugal, and Spain. Israel beat Slovakia, Croatia, and Hong Kong. South Africa was ranked 50th.
The Bloomberg Innovation Quotient ranked the countries on a scale of 0 to 100% on seven factors: R&D intensity (20%) R&D as a percentage of GDP; productivity (20%) - GDP per employed person, per hour worked; High tech density (20%) - public high tech companies as a percentage of public companies; researcher concentration (20%) - R&D researchers per one million people; manufacturing capability (10%) - manufacturing value-added as a percentage of GDP and products with high R&D intensity as a percentage of total manufactured exports; tertiary efficiency (5%) - ratio of university graduates in science, engineering, manufacturing and construction; and patent activity (5%) - patent filings per million population and per $1 million R&D spent.
Published by Globes [online], Israel business news - www.globes-online.com - on February 4, 2013
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