Singapore maintained its second position while Taiwan inched into the final spot in the Top 10 list of the 12th edition of The Global Information Technology Report by the World Economic Forum.
The report’s Networked Readiness Index (NRI) measures the capacity of 144 economies to leverage infocommunications technology (ICT) for growth and well-being.
Finland topped the list by switching place with Sweden, which slid to third.
China dropped seven places to 58th, which according to the report, may jeopardise its rapid economic growth unless the right investments are made in ICT, skills and innovation.
“This analysis shows how matching investments in ICT with investment in skills and innovation can help economies cross a ‘magic threshold’, beyond which return on investment increases significantly,” said Bruno Lanvin, Executive Director, e-Lab, INSEAD and co-editor of the report. “Individual countries need to identify what separates them from reaching that threshold if they have not reached it yet in order to fulfil long-term growth, competitiveness and innovation targets.”
The Global Information Technology Report is the result of a long-standing partnership between the World Economic Forum and INSEAD.