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You can make those kind of numbers say anything. Saying that a country like Sweden is "receding" in "digital evolution" is pretty ridiculous when almost everything is more advanced than 99% of the world. And on top of that most of these "stand out" countries have few to no technology businesses of note.

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Yes and no.

You can say that about basically any studies, you can shuffle numbers around to fit whatever narrative you'd like.

I think the Top 500 companies in the EU not following the US Top 500 is pretty indicative.

What makes you think this is a new development? When many of these large companies got started Europe was still recovering from World War II, even up until the '90s and continuing today. Europe isn't problem free, but in the grand scheme of things certainly getting better.

The "digital evolution" article is just ridiculous. Sweden which is "receding" has had three exits of more than a billion dollars in the last 12 months. Switzerland which is a "stand out" has, as far as I can tell, one tech startup valued at a billion dollars ever. Both countries have similar population and history.

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