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News

posted 17 Dec 2007

Sweden soars; Scandinavia remains strong; US tumbles

PIECES OF the original knowledge management programme built in the mid-1990s under Steve Denning’s leadership continue to operate, including the World Bank Institute’s Knowledge Assessment Methodology, which is used to track an aggregate index representing the overall preparedness of a country or region to participate in the knowledge economy.
The latest Knowledge Economy Index (KEI) recognises Sweden as the world’s most advanced knowledge economy, rising from ninth in 1995 to first place. Denmark, which topped the index in 1995, slipped to number two. Sweden also overtook two other of its Nordic neighbours, Norway and Finland. Among the top 10, the US fell from six to 10 while the UK climbed from 10 to nine.
The US fell in three of four categories, which represent the following four pillars of the knowledge economy:

• Economic incentive regime (EIR) rank;
• Education rank;
• Innovation rank;
• Information and communications technology (ICT) rank.

For further details on the 140 countries ranked visit: http://siteresources.worldbank.org/KFDLP/Resources/461197-1170257103854/KEI.pdf.