NSTworld Germany takes first place in the 2020 Bloomberg Innovation Index, breaking South Korea’s six-year winning streak.
The annual Bloomberg Innovation Index, in its eighth year, analyses dozens of criteria using seven metrics, including research and development spending, manufacturing capability and concentration of high-tech public companies.
In the Bloomberg Index, Germany scored three top-five rankings in value-added manufacturing, high-tech density, and patent activity. South Korea lost its crown in part due to a relative slump in productivity, falling to No 29 from last year’s No 18 ranking in that category. The world’s second-biggest economy, China, edged higher by one spot to No 15. It held onto a second-place ranking on patent activity, and broke into the top five for tertiary efficiency.
Alternatively, the biggest loser in this year’s index was New Zealand, falling five spots to No 29 amid a slide in value-added manufacturing performance.
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