According to a report produced jointly by the Boston Consulting Group (BCG), the National Association of Manufacturers (NAM), and The Manufacturing Institute (MI), looking at both the business outcomes of innovation and government's ability to encourage and support innovation through public policy the United States ranks 8th in the world with regard to Innovation. According to Ohmygov.com, topping the list of the most innovative countries were, in order, Singapore, South Korea, Switzerland, Iceland, and Ireland. Part of the lack in innovation could be the declining American automotive and financial sectors. What other forces have caused American innovation to slip among other leading countries?
U.S. ranks eighth in innovation