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Universitas 21, a group of universities from around the world, has released a new international ranking of nations' higher education systems. Countries were evaluated on a series of measures related to resources (spending by governments and private sources); output (research and its impact and graduates who meet labor market needs); connectivity (international collaboration); and the higher education environment (government policies, diversity and other factors). Population was taken into account. The top five countries: United States, Sweden, Canada, Finland and Denmark.