Growth and Jobs in a Hyperconnected World

The World Economic Forum recently published The Global Information Technology Report 2013 in partnership with INSEAD this month. This report uses a conceptual framework to evaluate the impact of information and communications technologies at a global level. This report covers over 144 economies, accounting for over 98 percent of the world GDP.

The Top Ten Countries on the World Economic Forum’s Readiness Index for 2013: 2013  (with their 2012 rankings for comparison)
  1. Finland (3)
  2. Singapore (2)
  3. Sweden (1)
  4. Netherlands (6)
  5. Norway (7)
  6. Switzerland (5)
  7. United Kingdom (10)
  8. Denmark (4)
  9. United States (8)
  10. Taiwan (11)

Finland jumped to the top this year because of its improvement in all of the report indices. Singapore remains number two because of strong intellectual property protection, intense competition and high university enrollment rate. While Sweden dropped to number three, it continues to be one of the few “truly knowledge-based economies in the world.”

According to the report, “two groups of economies dominate: Northern European economies and the so-called Asian Tigers.”

The Nordic economics consist of Finland, Sweden, Norway, Denmark and Iceland.

The Asian Tigers consist of Singapore, Taiwan (China), the Republic of Korea and Hong Kong SAR.

The United Kingdom made a significant jump, up 3 spots, primarily based on a strong political and regulatory environment and high technology usage among individuals, businesses, and the government.

While Latin and South America continue to lag in terms of this index, several countries have moved up the rankings: Panama (46 from 57), Mexico (63 from 76), and Columbia (66 from 73).

As mobile technology, cloud computing and a rising class of young entrepreneurs grow around the world, I expect to see these emerging markets continue to move up the Readiness Index. The countries that continue to move up this index will continue to be leaders in the next wave of the technological innovations.

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