UK drops out of top ten networked economies


UK drops out of top ten networked economies

Antony Savvas

The UK has dropped out of the top ten for the most networked economies in the world, according to the World Economic Forum.

Denmark is once again the most networked economy in the world, followed by Sweden and Switzerland, according to The Global Information Technology Report 2007-2008, released by the World Economic Forum (WEF).

Among the top ten, the Republic of Korea (ranked ninth) and the US (ranked fourth) posted the most notable improvements, moving up 10 and three positions respectively.

The UK fell from last year's ninth place to twelfth this year.

"The successful experience of the Nordic countries, Singapore, the US or Korea shows that a coherent government vision on the importance of ICT, coupled with an early focus on education and innovation, are key not only for spurring networked readiness, but also to lay the foundations for sustainable growth," said Irene Mia, senior economist of the Global Competitiveness Network at the World Economic Forum and co-editor of the report.

The Networked Readiness Index (NRI), featured in the report, examines how prepared countries are to use ICT effectively on three levels: the general business, regulatory and infrastructure environment for ICT the readiness of the three key stakeholder groups - individuals, businesses and governments - to use and benefit from ICT and their actual usage of the latest information and communication technologies available.

Watch the Global Information Technology Report presentation>>

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