the most innovative country (nation) and business (enterprise)

Posted: October 11, 2010 in coursework

I think the most innovative nation in the whole world is Singapore,

Singapore  has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Singapore also is the world’s most innovative nation.

Real GDP growth averaged 7 per cent between 2004 and 2007, but dropped to 1.2 per cent in 2008 as a result of the global financial crisis.

GDP (purchasing power parity): $240 billion

GDP – real growth rate: 1.2%

Labour force: 2.96 million

Unemployment rate: 2.3%

Inflation rate (consumer prices): 4.3%

Industries: Electronics, chemicals, financial services, oil drilling equipment, petroleum refining, rubber processing and rubber products, processed food and beverages, ship repair, offshore platform construction and life sciences.

Exports: $235.8 billion

Imports: $219.5 billion

Reserves of foreign exchange and gold: $168.8 billion

I think the most innovative business in the world is Nokia,

The first Nokia century began with Fredrik Idestam’s paper mill on the banks of the Nokianvirta river. Between 1865 and 1967, the company would become a major industrial force; but it took a merger with a cable company and a rubber firm to set the new Nokia Corporation on the path to electronics.

The newly formed Nokia Corporation was ideally positioned for a pioneering role in the early evolution of mobile communications. As European telecommunications markets were deregulated and mobile networks became global, Nokia led the way with some iconic products…

In 1992, Nokia decided to focus on its telecommunications business. This was probably the most important strategic decision in its history.

As adoption of the GSM standard grew, new CEO Jorma Ollila put Nokia at the head of the mobile telephone industry’s global boom – and made it the world leader before the end of the decade.


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