By Max Clarke

Sweden has retained its title as the world’s most ICT (information and communication technology) ready country, according to the World Economic Forum’s Global Information Technology Report 2010-2011.

The report publishes the results of the Forum’s Networked Readiness Index, which examines how prepared countries are to use ICT effectively on three dimensions: the general business, regulatory and infrastructure environment for ICT; the readiness of the three key societal actors - individuals, businesses and governments - to use and benefit from ICT; and their actual usage of available ICT.

China has climbed its way to 36th globally to lead the BRICs (Brazil India Russia China) while Singapore retained its silver medal. Denmark, Norway and Finland were all in the top 10, showing that Asian and Nordic countries continue to lead the world in adoption of technologies.

The global economy's increasing dependence on information technologies will see the most network-ready countries better placed for growth. China's accelerated climb up the rankings will allow the world's 2nd greatest economy to continue to grow, while Nordic countries' adoption saw them almost unaffected by the economic downturn.

The UK failed to make it to the top 10, though recent developments in broadband speed and access indicate this could change in coming years.

South Korea jumped places to make it to the top 10, while the United States held its position at number 5.

“ICT, and the Internet in particular, have changed the world dramatically, and all indications point to an even higher rate of transformation of our lives going forward,” said Soumitra Dutta, Roland Berger Professor of Business and Technology at INSEAD and co-editor of the report.