English | Italian

"A Highly Dubious Measure of..." (Theme) The lastest total: 100+. you can read with page flip.

show list
related videos
no related videos
Pop theme

John Cantlie,Republican Party,Ebola Virus,Fireworks Stafford,Burkina Faso,Ukraine gas,David Cameron,Andy Murray,Peshmerga,Marvel Comics

Related theme

lesotho percent

A Highly Dubious Measure of Innovation

2014-07-30 09:56:44

When you think “innovation,” do Switzerland, the United Kingdom, and Sweden come to mind? No? Well, those countries are at the top of the annual Global Innovation Index, released last Friday.

In case you hadn’t noticed, “innovation” has become quite the buzzword. It attracts attention, particularly in business circles. However, there’s no real metric to measure innovation. Researchers at Cornell University, INSEAD, and the World Intellectual Property Organization aspire to have the go-to benchmark, the way, say, S&P/Case-Shiller is for home prices.

For the 2014 edition of the index, the researchers ranked 143 nations based on 81 indicators ranging from the obvious, such as patent applications and high-tech exports, to the more questionable, such as YouTube uploads and press freedom.

I chose to drill down into 5 of the 81 indicators in the

    No results related

    Add now

study and chart the top 10 countries in each category, along with the U.S. The exercise immediately raised red flags about the index’s validity.

Estonia: No. 1U.S.: No. 37 As a share of the population, no other people are as devoted to creating or editing Wikipedia entries as Estonians are. That’s odd. What’s weirder, though, is that someone thought “Wikipedia edits” could be a proxy for innovation (though it could be argued that Wikipedia is a good platform for invention).

U.S.: No. 1 This chart is straightforward: These are the countries that produce the highest number of MBA aspirants. The metric, however, is not an entirely accurate proxy for how many people end up applying to business school. And, since the test is only offered in English, including it in the index privileges nations such as the U.S. Also, consider this: Consulting and finance are the top two industries employing MBA grads. Do you think of them as cradles of innovation?

Thailand: No. 1U.S.: No. 84 Upon viewing this chart, you might think, “Golly, look how far the U.S. trails behind!” Don’t be fooled—the countries are ranked by the percentof “tertiary” (read “college”) education graduates with a science or engineering degree, and not the absolute number. The U.S. has more college graduates than countries like Oman, Myanmar, Tunisia, and, yes, Thailand, and it would be hard to imagine more than 50 percent choosing science or engineering as their fields of study. And what of Iran? Are its science and engineering graduates staying in the country? Or are they emigrating abroad, where they might encounter greater opportunity.

Hong Kong: No. 1U.S.: unranked How reliable is this data set if the researchers couldn’t even include a number for the U.S.? It merits noting that several countries in the above chart are tax havens. Many of the businesses that register in those locales have no physical presence there, outside of a post office box.

Lesotho: No. 1U.S.: No. 45 This chart can be very misleading, and completely unjustified as a measure of innovation. Lesotho spends 13 percent of its gross domestic product on education, while the U.S. spends 5.4 percent. The GDP of the tiny African nation in 2010, the year the data correspond to, was $2.2 billion. For comparison, the New York City school district had an expenditure of $19 billion in 2010 (PDF), 8.6 times Lesotho’s GDP. And while Lesotho can be rightly proud of the fact that its adult literacy rate is among the highest in Africa, at 82 percent, it is still classified among the “low human development countries” by the United Nations.

There are 76 other factors considered, but on the basis of a closer examination of these five alone, it’s hard to take the index seriously. But don’t take our word for it. Explore the rest of the indicators for yourself here.

View Original Article: businessweek.com
Disclaimer statement: The point of this article or rights belongs to the authors and publishers. We take no responsibility for the content of this article and legitimacy.
Do you have any questions about this article, please contact the news source businessweek.com.
Or contact us


Write an article relevant this topic share on facebook share on twitter share on google plus share on oknews share on linkedin share on digg share on reddit share on newsvine share on pinterest share on netlog share on tumblr share on delicious send email print add to favorite

"A Highly Dubious Measure of..." IN THE COMMUNITY!



        No results related
      Share one Sentence

      Manage my submission

      [{"b":"b","i":"1300049","t":"RT\u00c9 TEN TV picks for today Friday Oct 31","a":1},{"b":"a","i":"1363372","t":"Heatwave to ease a little, but leave your jumper at home","a":2},{"b":"b","i":"1300039","t":"Hrithik, Sussanne now legally divorced","a":3},{"b":"a","i":"1363348","t":"Hyundai sales up 12% in October, exports up 27% | Business Standard News","a":4},{"b":"a","i":"1363366","t":"Hyundai Motor sales up 11.5% in Oct","a":5},{"b":"d","i":"978412","t":"Czech life expectancy today markedly higher than before Velvet Revolution","a":6},{"b":"a","i":"1363316","t":"IT capital Bangalore is now Bengaluru","a":7},{"b":"a","i":"1363321","t":"Burkina Faso Must End Excessive Use of Force Against Protesters","a":8},{"b":"a","i":"1363294","t":"BRUSSELS NOTEBOOK: Transition weekend in Brussels","a":9},{"b":"a","i":"1363302","t":"Craig Gordon reveals he owes Rangers a debt of gratitude for helping him resurrect his career at Celtic","a":10},{"b":"d","i":"978404","t":"Mainland education expo opens","a":11},{"b":"b","i":"1300000","t":"Will the Internet of Things Become a Big Waste?","a":12},{"b":"g","i":"41195","t":"Madhav Web Hosting India Introduces Reliable & Secure Web Hosting Solutions at Affordable Prices","a":13},{"b":"d","i":"978364","t":"Wine & Spirits Distribution Industry Leader Martignetti Ditches Laptops for Sturdy, Flexible Mobile Sales Solution on ...","a":14},{"b":"f","i":"1175391","t":"New US general seeks China air safety dialogue","a":15},{"b":"a","i":"1363257","t":"Florida\u2019s Muschamp gets another shot at alma mater | News Tribune","a":16},{"b":"d","i":"978346","t":"This Week in Politics: Cuomo, Christie Bet the Farm","a":17},{"b":"d","i":"978355","t":"OKC's Westbrook suffers hand fracture","a":18},{"b":"f","i":"1175394","t":"Astrological Forecasts for 11\/01\/2014","a":19},{"b":"f","i":"1175395","t":"Selangor Umno needs reforms to recapture state: Najib","a":20},{"b":"b","i":"1299954","t":"Greens to introduce Publish What You Pay Bill","a":21},{"b":"a","i":"1363224","t":"China completes first return mission to moon","a":22},{"b":"d","i":"978289","t":"More than \u00a33.5 million worth of property sold at auction today in Norwich","a":23},{"b":"f","i":"1175396","t":"SR Geek Picks: Best Horror Comics, Upcoming Superhero Movie Infographic & More","a":24},{"b":"d","i":"978260","t":"World Has No Effective Ebola Vaccine Yet: Russian Consumer Watchdog","a":25},{"b":"d","i":"978236","t":"Lydia Ko fifth going into final round in Taiwan","a":26},{"b":"d","i":"978229","t":"Hello Kitty: 40 years of cuteness and cool","a":27},{"b":"b","i":"1299933","t":"CRUCIBLE: Prophecy and Global Trends","a":28},{"b":"b","i":"1299906","t":"Braves brace for goliath Rochester","a":29},{"b":"a","i":"1363154","t":"Bullock issues new state Ebola health protocols","a":30},{"b":"a","i":"1363143","t":"100,000 expected to protest against water charges","a":31},{"b":"a","i":"1363145","t":"Deadly day for space tourism -- but future 'rests' on such days, official says","a":32},{"b":"f","i":"1175316","t":"The Corner Store opens Humble location","a":33},{"b":"a","i":"1363110","t":"In praise of Arizona\u2019s single, year-round time","a":34},{"b":"d","i":"978178","t":"The Corner Store opens Humble location","a":35},{"b":"d","i":"978180","t":"UPI Almanac for Saturday, Nov. 1, 2014","a":36},{"b":"d","i":"978187","t":"The world is not awash in refugees: Open the gates","a":37},{"b":"d","i":"978188","t":"Snoqualmie Falls Brewing introduces tweaked version of its winter ale","a":38},{"b":"a","i":"1363099","t":"Lancers, Bulldogs try to get on track","a":39},{"b":"a","i":"1363074","t":"I-O DATA New Line of USB HDDs Powered by Tuxera NTFS for Mac","a":40},{"b":"b","i":"1299864","t":"Announcing @Parasoft to Exhibit at @DevOpsSummit Silicon Valley [#DevOps]","a":41},{"b":"b","i":"1299853","t":"Announcing @TeleStax to Exhibit at @ThingsExpo [#IoT #WebRTC]","a":42},{"b":"b","i":"1299856","t":"Bluemix Developer Playground at @DevOpsSummit [#Bluemix #DevOps]","a":43},{"b":"a","i":"1363050","t":"SUSE Linux Enterprise 12 Now Available","a":44},{"b":"a","i":"1363055","t":"John Kerry, Javad Zarif to hold nuclear talks in Oman: Report","a":45},{"b":"a","i":"1363030","t":"Announcing @GridDynamics to Exhibit at @DevOpsSummit [#DevOps]","a":46},{"b":"f","i":"1175320","t":"Fire Crews to Work Overnight at Warehouse","a":47},{"b":"b","i":"1299842","t":"Celtic keeper Craig's big hand for Rangers","a":48},{"b":"f","i":"1175321","t":"Announcing AIC to Exhibit at @CloudExpo 2015 New York [#Cloud #CloudExpo]","a":49},{"b":"d","i":"978098","t":"Mortara Instrument's growing workforce innovates by keeping customer pulse","a":50},{"b":"b","i":"1299798","t":"Announcing @CloudTest to Exhibit at @DevOpsSummit [#DevOps #SOASTA]","a":51},{"b":"b","i":"1299805","t":"Sports notes...","a":52},{"b":"f","i":"1175279","t":"Bain White: All about All Saints Day, the day after All Hallows Evening","a":53},{"b":"f","i":"1175278","t":"Talbott Street celebrates Halloween with a drag show.","a":54},{"b":"f","i":"1175288","t":"TOTD: Which Cars are Most Likely to Scare Children on Halloween?","a":55},{"b":"b","i":"1299748","t":"Manchester bin collectors to be targeted in random drug and alcohol tests","a":56},{"b":"f","i":"1175233","t":"100,000 join water charge protests","a":57},{"b":"d","i":"978002","t":"It is official: Bangalore becomes Bengaluru","a":58},{"b":"a","i":"1362968","t":"Server is busy please try again later. ","a":59},{"b":"d","i":"978010","t":"E V K S Elangovan appointed TNCC new president","a":60},{"b":"a","i":"1362972","t":"Bow WOW!\r\nStella & Chewy's is on the fast track","a":61},{"b":"f","i":"1175236","t":"Water Tower Festival, 10K on tap","a":62},{"b":"c","i":"1897350","t":"What happens when your friend’s smartphone can tell that you’re lying","a":63},{"b":"f","i":"1175219","t":"10 Love Notes That Perfectly Sum Up The Modern Relationship","a":64},{"b":"a","i":"1362946","t":"Lewis Hamilton fastest as Mercedes dominate US Grand Prix practice","a":65},{"b":"d","i":"977967","t":"Today in History, Nov. 1","a":66},{"b":"b","i":"1299645","t":"Silicon Valley Startup Kicks Off Pilot To Launch Decaffeinated 100% Kona Coffees In New 97% Eco-Friendly Single Serves Packaging","a":67},{"b":"c","i":"1897332","t":"S. Korea Trade Surplus Hits Unexpected Record as Exports Jump","a":68},{"b":"g","i":"41160","t":"Top cam chat provides interesting reviews on various video chatting websites","a":69},{"b":"a","i":"1362918","t":"SPORTS UPDATE","a":70},{"b":"d","i":"977942","t":"Albany Anzac centenary: WA port town honours WWI troops","a":71},{"b":"b","i":"1299616","t":"Judge puts food stamp requirements on hold for now","a":72},{"b":"a","i":"1362902","t":"Health Care Industry Nurses San Diego Economy","a":73},{"b":"d","i":"977920","t":"These 3 Letters Could Save Your Life","a":74},{"b":"d","i":"977923","t":"Eustice meets with industry ahead of December Council","a":75},{"b":"b","i":"1299606","t":"Mourinho: Costa fit for Chelsea\u2019s clash with QPR","a":76},{"b":"e","i":"535363","t":"Microsoft Stops Selling Windows 7 And Windows 8","a":77},{"b":"e","i":"535370","t":"Leaked FCC Report Details Weak \"Hybrid\" Plans For Net Neutrality","a":78},{"b":"f","i":"1175148","t":"Today's Birthdays","a":79},{"b":"g","i":"41158","t":"Mommies Go Nuts Over New Design Stroller Organizer","a":80},{"b":"d","i":"977874","t":"Photos: Climbing center","a":81},{"b":"a","i":"1362867","t":"Upper Dublin Horse Company to hold event at First Presbyterian Church of Ambler","a":82},{"b":"a","i":"1362848","t":"A 'hard,' deadly day for space tourism | National News - WLWT Home","a":83},{"b":"b","i":"1299569","t":"VIDEO: Pearl S. Buck International hosts naturalization ceremonies for 48 new American citizens","a":84},{"b":"a","i":"1362830","t":"Maine nurse won't submit to Ebola quarantine, lawyer says","a":85},{"b":"b","i":"1299542","t":"Strong Q3 show from Bakkafrost","a":86},{"b":"f","i":"1175156","t":"Butte, MT | Continuous News and Weather","a":87},{"b":"b","i":"1299533","t":"SUSE Cranks Enterprise Linux to 12","a":88},{"b":"b","i":"1299537","t":"Massachusetts, New Hampshire election coverage","a":89},{"b":"f","i":"1175162","t":"Farmers' crops, and season, both grew longer this year","a":90},{"b":"b","i":"1299518","t":"NMSU FOOTBALL: Five keys to beat the Bobcats","a":91},{"b":"f","i":"1175165","t":"Thousands march in remembrance of original ANZACs","a":92},{"b":"a","i":"1362758","t":"Key weighs sending Kiwi medics to help with Ebola crisis","a":93},{"b":"a","i":"1362739","t":"Montco officials monitoring West Africa travelers for Ebola","a":94},{"b":"c","i":"1897244","t":"The Coming November Wars","a":95},{"b":"a","i":"1362727","t":"PM Narendra Modi greets Karnataka on state formation day","a":96},{"b":"f","i":"1175097","t":"Frights and sights 2014 Halloween parties","a":97},{"b":"f","i":"1175116","t":"Taco Bell unveils mobile app for ordering","a":98},{"b":"b","i":"1299463","t":"U.S. Secretary of Commerce Penny Pritzker Announces Next Phase of Investing in Manufacturing Communities Partnership Initiative","a":99},{"b":"a","i":"1362715","t":"Mexico frees jailed U.S. Marine reservist | National News - WGAL Home","a":100}]


      RTÉ TEN TV picks for today Friday Oct 31