Corporate finance analyst
Bloomberg, a financial data and media company, on Jan. 22 released the 2019 Bloomberg Innovation Index, which represents a country’s technological advancement and innovation level. It is based on seven criteria: 1) R&D intensity; 2) manufacturing value-added; 3) productivity; 4) high-tech density; 5) tertiary efficiency; 6) researcher concentration; and 7) patent activity.
The index shows that South Korea has been fortifying its position as the most innovative country in the world since 2018. It was followed by Germany and Finland in second and third place. Singapore and Japan, other Asian giants, were in the sixth and ninth positions, respectively. The United States and China, the global superpowers, were ranked eighth and 16th, respectively.
Unfortunately, Indonesia was not included on the list, even though further investigation reveals that Indo...
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