Innovation: US companies lead world; France and Sweden are European leaders; No companies from China and India
Nov 28th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Innovation: The US outranks the rest of the world for the number of world-class innovative companies while in Europe, companies in France and Sweden outrank Germany. China and India will have their time in the sun but in Asia, it is South Korea with its world ranking companies, which shows that it has avoided the 'middle income trap' - - a level of per capita income after rapid growth that can vary up to $18,000, where growth slows sharply.