China is climbing up the world innovation rankings faster than other countries. Since the Economist Intelligence Unit first published its global innovation index two years ago, China has moved up from 59th to 54th in the rankings—an improvement we thought would take five years has been achieved in just two. According to the study, A new ranking of the world’s most innovative countries, which was sponsored by Cisco, other gainers include India and Turkey. But while the emerging markets are moving up the pecking order, the developed world still hogs the top spots—Japan and Switzerland remain first and second respectively in the league table, followed by Finland and the US. Ireland retains 19th ranking. The ranking compares 82 countries by their innovativeness and looks at the factors that bring this about.