ICT lead again for U.S.

The U.S. has regained the lead in exploiting information and communication technology. This it has done by overtaking Singapore, said a study released on Tuesday. It is the third time in five years that the U.S. has topped the rankings in the so-called "networked readiness index." The index is based on factors including quality of mathematics and science education and low telephone and Internet pricing, said the report released by the World Economic Forum. "The long pipeline of scientific and technological innovation is a remarkable source of strength for the U.S. economy which, large macroeconomic imbalances notwithstanding, remains a choice destination for foreign capital," said Augusto Lopez-Claros of the Geneva-based forum. He co-edited the report. Singapore, which headed the rankings in 2005, performed well despite dropping back to second place. It is Singapore's fourth successive year in the top three. — AP Source: The Hindu

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