INSEAD published the 2011 Global Innovation index which shown that the state of Israel ranks the 14th most innovative country in the world. Last year Israel was 9 places before. It ranked even higher in a variety of sub-categories: 4th in “scientific output” and 2nd in “knowledge creation”.
South Korea ranked not far away from Israel, at 16th place.Source: Insead
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Israel ranks the 14th most innovative country in the world in 2011