According to the 2000 IDC/World Times Information Society Index, released in February 2000 by the US based International Data Corporation (IDC), Sweden is the world's leading nation in IT and internet adoption,. The IDC attributesSweden's success to its global leadership in such areas as social infrastructure, education and IT investments. Sweden has a highly educated work force and its investments in R&D (4 % of GNP) are higher than in any other country.
Sweden's reputation for innovation has historical roots. Several major
Swedish industries were based on innovative ideas of their time. Today, the climate of innovation is maintained through a successful interaction between industry and the academic world, nurtured at several science parks throughout the country.
Innovations have very much been a base for Sweden's industry and today are a leading force in IT, telecom and new media.