Singapore has been ranked the most innovative country in Asia and the third worldwide after Switzerland and Sweden in INSEAD’s recently released Fifth Global Innovation Index (GII). This represents Singapore’s second consecutive year at the top of the index. Singapore’s regional rival, Hong Kong, was placed in the eighth position, making it the only other Asian city within the top 20 positions.
The 2012 GII analyzed 141 countries based on seven broad categories that measure innovation capabilities and output namely:
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