The World's Most Innovative Economies

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Which country is putting a lot of money into developing new technologies?  In the world of ideas, it's South Korea, lifting itself up from their bootstraps through a combination of government support and private enterprise.  Surprise, surprise.

Germany, Sweden, Japan and Switzerland rounded out the top five in the 2016 Bloomberg Innovation Index, which scored economies using factors including research and development spending and concentration of high-tech public companies.

South Korea's almost six-point edge on No. 2 Germany — and outpacing of neighbors Japan (No. 4) and China (No. 21) — also might understate the degree of economic competition felt among those in the Asian nation. 

Read more:  These are the World's Most Innovative Economies