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News

posted 10 Sep 2008

News: North American dominance of knowledge economy eroding

THE 2008 EDITION of the World Knowledge Competitiveness Index (WKCI) shows a rapid increase in competitiveness in Asia and other parts of the world, challenging the US lead
In Europe, regions in Finland, Sweden, Denmark and the Netherlands show significant improvement, but the news isn’t so good for London, which has slid 46 places to 102.
According to Professor Robert Huggins at the Centre for International Competitiveness, University of Wales, Cardiff (which published the findings), “This year’s index highlights the emergence of a new world order of the most competitive knowledge bases.”
While Asian and European regions have seen a general improvement in their competitiveness, North American regions have seen an overall decline. Regions including New York, Atlanta, Washington, and Austin all fall significantly down the rankings to make way for the hotspots of Europe and Asia.
US regions that continue to improve include San Jose, the heart of California’s Silicon Valley, Boston, Hartford, Bridgeport and San Francisco.
The highest ranked non-US region is Stockholm, Sweden. Tokyo (9th) is the highest ranked region outside of North America and Europe climbed 13 places.
Copies of the full WKCI report can be freely downloaded at http://www.cforic.org/pages/wkci2008.php