June 2005

And More...

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By TR Staff and Freelance Writers

Biotech
America Out-Teched

Despite the United States' reputation as a driver of innovation, in a World Economic Forum poll it ranked only 10th in the world in terms of business use of information and communications technologies. The WEF asked business leaders to rate their respective countries according to three criteria: how extensively companies take advantage of foreign technology licensing, how aggressively they adopt new technology, and how much original R&D they perform. It also asked the executives how readily their firms can obtain telephone lines and mobile phones, and combined all five ratings into one index score. Who does the WEF name the global leader? Japan. But as a whole, Asia does not perform as well as Western Europe, which boasts 6 of the top 10 nations.