New rankings of "Innovation Competitiveness" place U.S. States ahead of the majority of European and Latin American States.

New rankings of "Innovation Competitiveness" have revealed that U.S. states are leading the way ahead of the majority of European and Latin American states. The rankings were created by the Information Technology and Innovation Foundation (ITIF) in collaboration with other think tanks in the Global Trade and Innovation Policy Alliance (GTIPA). The researchers examined three types of economic indicators related to knowledge work, globalization adaptation, and innovation capacity.

In the first study, the researchers compared the 71 European states to the 50 U.S. states. Massachusetts and California emerged as the top performers in both rankings. In the Transatlantic ranking, American states secured four out of the top 10 positions and 22 out of the top 50 positions. German states also showcased their strength, with three states ranking in the top 10 and eleven in the top 50.

In the Latin American ranking, U.S. states dominated the top positions, with Mexico City and Sao Paulo edging out West Virginia for the 48th and 49th ranks. Lima, Peru surpassed Mississippi to finish 52nd overall. Among the 182 states surveyed in the Latin American ranking, U.S. states secured the top 47 scores.

The rankings evaluated the relative strength of the United States, European states, and Latin American states based on various economic indicators. These indicators included workforce education, employment in knowledge-intensive fields, manufacturing value added per worker, high-tech exports, inward foreign direct investment, broadband internet adoption, R&D spending, patents, business development, decarbonization, and venture capital investment.

Overall, the rankings highlight the strong innovation competitiveness of U.S. states compared to their European and Latin American counterparts. The findings emphasize the importance of knowledge-based economies, globalization adaptation, and innovation potential in driving economic growth and competitiveness in today's global landscape.

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According to two new rankings created by the Information Technology and Innovation Foundation (ITIF) in collaboration with a group of other think tanks in the Global Trade and Innovation Policy Alliance (GTIPA), U.S. state regional economies perform well in terms of "innovation competitiveness" when compared to states in Europe and Latin America. Three kinds of economic indicators showing a focus on knowledge work, globalization adaptation, and innovation capacity were examined by ITIF and its GTIPA research partners. In one study, the researchers compared the 71 European states of Austria, Germany, Hungary, Italy, Poland, and Sweden to the 50 U.S. states. They compared the 50 states of the United States to 132 states in Brazil, Chile, Colombia, Mexico, and Peru for a second study.

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In both rankings, Massachusetts and California had the highest overall ratings.

Out of the 121 United States and European states examined for the Transatlantic ranking, American states placed in 4 of the top 10 overall places and 22 of the top 50 positions. German states also demonstrated strength, capturing three of the top ten slots overall and eleven of the top fifty positions out of the 121 states examined.

With Mexico City, Mexico and Sao Paulo, Brazil edging West Virginia for the 48th and 49th ranks, respectively, and Lima, Peru edging Mississippi, which finished 52nd overall out of the 182 states surveyed, U.S. states recorded the top 47 overall scores among the 182 states studied in the Latin American ranking.

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On 13 economic indicators grouped into three categories, both indices evaluate the relative strength of the United States, European states, and Latin American states.Knowledge economy indicators include workforce education, employment in the professional, scientific, and technological fields, as well as manufacturing gross value added per worker.

globalization, including high-tech exports and inward foreign direct investment.

Adoption of broadband Internet, R&D spending, R&D employees, patents, business development, decarbonization, and venture capital investment are some indications of innovation potential.

Among the outcomes of the Transatlantic study were:

Four of the top 10 overall places are held by U.S. states (Massachusetts, first; California, second; Washington, fourth; Maryland, tenth); however, four of the bottom 10 positions (South Dakota, 114th; Arkansas, 115th; West Virginia, 119th; Mississippi, 121st) are also held by U.S. states.

Germany has three states in the top 10 (Baden-Württemberg is third, Bavaria is seventh, and Hesse is ninth), and the total regional landscape of the country rates brilliantly in the top 80 out of 121.

Due to their outstanding ability for knowledge and invention, three of the seven Swedish regions (Greater Metropolitan Region, fifth; West Sweden, sixth; and South Sweden, eighth) place in the top 10.

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