Japan is the world's most innovative nation, according to a recent study by the business information arm of the Economist magazine. In this case, innovation means "the application of knowledge in a novel way, primarily for economic benefit" .
I think Japan still managed to top the list. In the future, other countries gain power. For example, India and China.
http://search.japantimes.co.jp/cgi-bin/nb20070517a1.html
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