Canadian Business Magazine comes out today with its second proprietary ranking of innovation for 25 of the world’s largest national economies. The ranking takes 47 data items sorted into four categories that relate to innovation from the 2008 edition of the IMD World Competitiveness Yearbook.The good news, Canada rose from 7th to 5th position. The only other country that registered a like increase was the United States which went from 6th to 4th. The only area that dropped for Canada was business efficiency which declined to 11th place from 10th. Economic performance went from 21st to 20th; government efficiency rose four ranks to 5th; and infrastructure was up two places to 5th. Below is the entire list.
On the overall IMD ranking which covers 55 countries and 331 criteria, Canada rose two ranks to 8th from 10th in the 2007 publication.