The World Economic Forum contends that technological progress is the principal driver of innovation, productivity and efficiency.

Binary_GlobeThe United States continues to lag other nations in its use of computing and communications technology, according to an annual study issued by the World Economic Forum.

For the second consecutive year, the United States finished fifth in the study’s comparison of 138 countries that make up 98.8 percent of the world’s total gross domestic product. Sweden was first, followed by Singapore, Finland and Switzerland.

These rankings, for 2010, are based on an index of 71 economic and social indicators, as diverse as new patents, mobile phone subscriptions and availability of venture capital.

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Source: John Markoff | The New York Times