Denmark Ranks 5th in Global Innovation Index

The year 2010 moves on smoothly for Denmark with more achievements added to the country’s already long list of merits. It continues to reap rewards in the fields of science and information technology where it normally excels moving up from a lower rank.

For the latest Global Innovation Index (GII), Denmark improved its rank from eighth to fifth place. The report was released by Insead, an international business school in Fontainebleau situated in the southern part of Paris, France. According to the 336-page Global Innovation Index report, Denmark moved up to a better fifth place among 132 countries covered. This achievement was attributed to the country’s ability to develop useful inventions not necessarily initiated locally.

Based on the analysis done by the authors of the report, Denmark is exceptional in terms of improving inventions made by other people and making them fit for use in the present world. Despite being a small country, the authors say Denmark is always recognized for its adaptability factor and this is the major reason why this Nordic country is able to go heads on with other major and highly developed countries such as China and the United States.

For this particular Global Innovation Index report, Insead also gave additional points to Denmark for its growing and modern economy. The authors specifically pointed to the advanced technological processes used in agriculture and a rapidly developing industry composed of all sizes of business organizations. It is no wonder that jobs in Denmark are highly sougt after internationally.

Insead came up with the GII in 2007 as a form of research to gauge the ability of countries in developing advanced innovations that will enable them to compete with each other. The report takes into consideration data gathered by international organizations such as the United Nations, the World Bank and International Telecommunication Union (ITU). For the 2009-2010 report, Denmark is joined by Iceland, Sweden, Hong Kong and Switzerland on the Top 5 list.

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