Using the example of stem-cell research, the report pointed out how the Government invests in the best scientists from around the world and in government labs, and encourages universities to produce science and engineering students that those firms need. -- ST PHOTO: DESMOND FOO
WASHINGTON - SINGAPORE was the most innovative nation in the world, while South Korea placed first among large countries, according to a study released on Monday by a manufacturing group.
The United States was eighth in the overall list of 110 countries and second in the subset of 20 large nations, said the report produced by the Washington-based National Association of Manufacturers (NAM) and the Boston Consulting Group.
The survey took into account two types of innovation output: new products or knowledge that is easily quantified; and new ways of doing business that result in higher quality and productivity.
It said the Singapore Government has taken steps to make the country an attractive place for firms to innovate. Using the example of stem-cell research, the report pointed out how the Government invests in the best scientists from around the world and in government labs, and encourages universities to produce science and engineering students that those firms need.
It is the second time this year that Singapore has topped a global innovation study.
Last month, a survey carried out by a non-partisan research group, Information Technology and Innovation Foundation, said the most innovatively competitive nation was Singapore, with the US at No.6.
NAM hopes to use its report to put pressure on the US administration to help American manufacturing. -- REUTERS
