Japan is the world’s most innovative country, study finds

Japan is the world’s most innovative nation, followed by Switzerland, the US and Sweden, according to Innovation: Transforming the way business creates, a new report from the Economist Intelligence Unit, sponsored by Cisco. The Economist Intelligence Unit compiled a ranking of 82 economies based on their level of innovation in 2002-06 and, using the methodology described below (see notes for editors), predicted how the ranking would change in 2007-11. The top four will maintain their positions, according to the forecast, while China will move up five places to 54th and Mexico will climb six places to 39th.