The sixth annual report from the World Economic Forum (WEF) has just confirmed what many specialists have been predicting since the start of the second millennium: The United States of America is slowly losing its competitive edge in the world of high technology. According to the report (pdf), the US has slipped down from the number one position in the Networked Readiness Index, an index that measures the technological impact a country has on the rest of the world, and now occupies the 7th spot.
While the U.S. dropped in the WEF study, Mia noted that the nations in the top-tier were closely packed with little data separating them. She said the report, which examined a broad range of data and polled leading U.S. executives, indicated that the “quality of public institutions could be better” in the U.S. Mia added that U.S. features strong points like leadership in innovation and venture capital.
And this is just the beginning. In the next 10 years, we’ll probably be seeing most occidental countries that currently occupy the top 5 positions fall down in the chart to make place for countries such as China and India.