Business Week reports that Singapore’s emphasis on science education and a highly talented workforce puts it well ahead of the U.S. in a new global ranking of innovation leaders.

The top-performing country in BCG’s list, Singapore, has long focused on trying to attract foreign workers—and encourage locals to go abroad in order to boost their skills.

Reports about an exodus of foreign workers from Singapore don’t worry BCG’s Andrew. With the economy contracting, many low-skilled workers are leaving, he says, but that doesn’t mean Singapore’s attractiveness as an innovation hub is declining. “If I’m losing my PhDs, scientists, technologists, that’s one thing,” he says. “For other types of foreign workers, that’s something different.”

Read the full article here.

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