U.S. Cedes Top Spot in Global IT Competitiveness

Mar 29, 2007

A low rate of mobile telephone usage, lack of government leadership in IT and fallen quality of math and science education were blamed for the U.S. slipping to seventh place in the World Economic Forum's ranking of technology readiness.

A low rate of mobile telephone usage, a lack of government leadership in IT and the low quality of math and science education were blamed for the United States slipping to seventh place in the 2006-2007 Global Information Technology Report's Network Readiness Index, released by the World Economic Forum and INSEAD, an international business school, on March 28.

Covering 122 economies worldwide, the report's NRI (Networked Readiness Index) measured the ability of countries to harness and leverage IT opportunities for economic competitiveness and development.

The U.S. slipped six places in the 2006-2007 index. The report blamed a relative deterioration in the political and regulatory environment for this decline.

The report also held a low rate of mobile telephone usage, a lack of government leadership in IT and the low quality of math and science education responsible for the United States' lowered rank.

However, the report argued that the U.S. maintained its primacy in innovation, due to what it considered the worlds best tertiary education systems, a high degree of cooperation with the industry and an extremely efficient market environment, including the availability of venture capital and the ease to start a business.

"It's no longer debatable as to whether or not the global economy will become networked - the vast majority of industries are increasingly adopting networked business processes - and the discussion now focuses not on if but how we get connected to maximize the benefits to business and society," said John Chambers, president and CEO of Cisco.

Trending upward since 2003, the report, found Denmark to have "outstanding levels of networked readiness" due to the country's excellent regulatory environment, clear government leadership and intention to leverage ICT (information and community technology) penetration and usage.

Other Nordic countries making top 10 showings in networked readiness included Sweden, up six places to second in the current index, Finland, up one place to No. 4, Switzerland, up four places to No. 5, Iceland, down four places to eighth, and Norway, up three places to 10th.

"Leveraging ICT is increasingly becoming an essential instrument for countries and national stakeholders to ensure continued prosperity for their people. Nordic countries have shown how an early focus on education, innovation and promotion of ICT penetration and diffusion is a winning strategy for increased networked readiness and competitiveness," said Irene Mia, senior economist of the Global Competitiveness Network at the World Economic Forum and co-editor of the report.

Singapore moved down one place to third in the current index, keeping a dominant position for the fifth successive year.

The report praised the country's excellent regulatory and business environment, the government's early focus on the adoption and diffusion of the latest technologies and its ability to involve the private sector in a common strategy and vision.

Copyright 2007 by Ziff Davis Media, Distributed by United Press International

Explore further: Tech firm fined for paying workers $1.21 per hour

add to favorites email to friend print save as pdf

Related Stories

Verizon reports higher 3Q net income, revenue

Oct 21, 2014

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Five ways to stop the world's wildlife vanishing

Oct 01, 2014

Full marks to colleagues at the World Wildlife Fund and the Zoological Society of London for the Living Planet Report 2014 and its headline message which one hopes ought to shock the world out of its com ...

Geo-ranking the Internet

Sep 24, 2014

The Internet is a critical component of modern communication for billions of people and businesses. But, how resilient is it to sabotage, accidents and political abuse? Writing in the International Journal of Networking an ...

Recommended for you

Tech firm fined for paying workers $1.21 per hour

1 hour ago

A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees imported from India were being treated like they were in an overseas sweat shop while they were ...

Comcast wins more Internet customers, ad sales up

4 hours ago

Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.

Netflix to stream new online TV series, 'Bloodline'

4 hours ago

Fresh from commercial and critical success with hit shows "House of Cards" and "Orange is the New Black," Netflix on Thursday announced a new online series, "Bloodline," set for release in March.

Yahoo CEO defends strategy in face of criticism

12 hours ago

Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.

User comments : 0