Report co-authored by Johnson Dean Soumitra Dutta highlights the intersection between business and technology in global competitiveness
ITHACA, N.Y., April 10, 2013 /PRNewswire-USNewswire/ -- The World Economic Forum today released the results of the 2013 Global Information Technology Report (GITR), that examines the extent to which 144 economies take advantage of Information and communication technologies (ICT) to increase economic growth and well-being. The report is a collaboration among the World Economic Forum, Samuel Curtis Johnson Graduate School of Management at Cornell University, and INSEAD. This year's report concludes, that despite efforts in the past decade to improve ICT infrastructure in developing economies, there has been a significant lack of progress in bridging the digital divide between developing and advanced economies.
This year the United States slips to ninth place despite a performance essentially unchanged from the previous year. This constitutes the country's worst showing since the first edition of the GITR in 2001, in which it ranked first, although changes to the methodology and the composition of the NRI over time cause the results not to be strictly comparable. The United States now appears in the top 10 of only two out of 10 pillars (Infrastructure and digital content, and business usage), compared with six pillars just one year ago. The country still possesses the strength that contributed to making it the world's innovation powerhouse for decades. However, this leadership is now being contested.Is US Innovation at Risk? In 2012 the US ranked ninth within the Business and Innovation Environment pillar, and in 2013 fell to thirteenth. Another area of focus, the Business Usage pillar, captures the extent of business Internet use and efforts of firms in an economy to integrate ICTs into an innovation-conducive environment that generates productivity gains. Consequently, the Business Usage pillar measures the firm's technology absorption capacity as well as its overall capacity to innovate and the production of technology novelties measured by the number of Patent Cooperation Treaty (PCT) patent applications.