The most suitable environment for the development of the information-technologies (IT) sector is in the United States, Finland and Singapore, with Latvia dropping to 34th place in the latest global ranking, according to a report by the 'Economist Intelligence Unit' (EIU). Estonia has dropped six places in the global rankings to 29th, whilst Lithuania has dropped ten places to 41st.
Asian economies are closing the gap on the West in terms of their IT competitiveness, the study showed Tuesday, as they strengthen copyright protection and implement regulatory reforms .
While the West leads the world in terms of an attractive place for IT firms, more Asian nations are moving up the ladder, according to the EIU report.
The United States retained its position as the world's most competitive IT industry this year, followed by Finland and Singapore, writes LETA/AFP.
Europe dominated the top 20 places in a competitiveness index, which was based on criteria such as foreign investment policies, infrastructure, enrollment in higher IT education, patent registries, copyright protection and access to capital.
Compared to last year, Latvia has gone down one place in the global IT competitiveness rankings.