Information from the UN's WIPO Global Innovation Index has shown a list of the most innovative countries in the world, with Switzerland topping the list for the 12th consecutive year.
Global R&D expenditures have increased by three times to $2.4 trillion since 2000.
The scope of R&D spending is expanding globally as well. By 2020, the United States accounted for about 30% of worldwide R&D expenditures, down from over 70% in 1960. R&D has a significant impact on practically every aspect of society, whether directly or indirectly, ranging from job creation and public health to national security and industrial competitiveness.
Other essential components, in addition to R&D spending, are crucial for advancing innovation. These include, among other things, the use of technology, scientific research, and venture money.
Dorothy Neufeld of Visual Capitalist ranked the world's most inventive economies in the infographic below using information from the UN's ...
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