Every time I see a ranking like this, I think: <i>wow, what a crap ranking.</i><p>Innovation has relatively little to do with nation-states. It has quite a lot to do with city-regions, however: those, much more than nation-states, are what produce the social and economic dynamism that fuels innovation.<p>What the Bloomberg and other similar metrics do is take real indicators of innovation and then averages them across randomly-sized buckets, making it genuinely useless for comparative purposes. Singapore fares very well because it's a city-state. China fares very poorly because it has three-quarters of a billion people who aren't doing anything particularly from an innovation perspective. America has the same "problem" on a smaller scale. But innovative places like Shenzhen or the SF Bay Area can approach Singaporean levels of innovation, while China and America's innovation output as a whole certainly outdo Singapore's.<p>So this ranking is showing neither the total innovation output of a country, nor the "innovation density" of places where innovators actually congregate. So what <i>is</i> it showing? Basically nothing.<p>(This is not to dispute the thesis that America, as a whole, is having national-scale problems with how it fosters innovation. Personally I agree with that, but would not use this garbage metric to try to support that thesis.)