Not so long ago, Bloomberg updated its Bloomberg Innovation Index. Russia dropped 14 positons down at a time relative to the same rating 12 months before. For those of you who don’t know, the index includes 50 countries from around the world with the most innovative economies.
As 12 months ago, the rating is led by South Korea with 89,0 rating points. Experts say that the Asian dragon is number one in the rating, with a huge lead, thanks to the biggest share of investments in research and development, patents, higher education, innovative technologies, and some other aspects used as the criteria for the rating.
Sweden went all the way up to the second position in the rating with 83,98 rating points, thereby ousting Germany to make it number three 83,92 rating points. The rest of the TOP 10 are Switzerland, Finland, Singapore, Japan, Denmark , USA, and Israel.
All in all, the rating hasn’t changed much since the last time, with most of the participants moving within 2-3 positions. Russia turns out to be the only exception to the rule with a huge drop by 14 positions at a time – from 12 all the way down to 26.
Experts say that this has to do not only with the consequences of the Western sanctions imposed on Russia for assaulting Ukraine, but also with lower energy prices and many internal challenges making the national economy suffer from economic recession.
