World Innovation Index: Switzerland Tops

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According to a new United Nations report, ‘Innovation is a key development tool that could boost economies and provide a way out of the growing squeeze on the world’s food resources – one of the major challenges of the 21st century’.

World Intellectual Property Organization (WIPO) has released  the 10th edition of the Global Innovation Index (GII): Innovation feeding the World.

Launched by INSEAD in 2007, today the GII is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.

The 2017 edition of the GII draws on the expertise of its Knowledge Partners: the Confederation of Indian Industry, PricewaterhouseCoopers (PwC) and Strategy & the National Confederation of Industry (CNI) and Serviço Brasileiro de Apoio às Micro e Pequenas Empresas (Sebrae), as well as an Advisory Board of eminent international experts.

For the seventh consecutive year, the Joint Research Centre (JRC) of the European Commission audited the GII calculations.

According to this report, rich countries continue to dominate global innovation in terms of most new products and services, with Switzerland at the top for the seventh year running and high-income economies taking 24 of the top 25 spots – China is the exception at 22, moving up three places in the last 12 months.

A total of 17 economies comprise the ‘innovation achievers’ this year, with nine from the Sub-Saharan Africa region and three from Eastern Europe.

Key findings show the rise of India (Rank:60)as an emerging innovation centre in Asia, high innovation performance in Sub-Saharan Africa, including Kenya and Rwanda and an opportunity to improve innovation capacity in Latin America and the Caribbean – with Chile, Mexico, Brazil, and Argentina showing particular strengths in institutions, infrastructure and business sophistication.

Next to innovation powerhouses such as China, Japan, and the Republic of Korea, a group of Asian economies including Indonesia, the Philippines and Viet Nam – dubbed by WIPO as the “new Asian tigers” – are actively working to improve their innovation ecosystems and rank high in a number of important indicators related to education, productivity growth and high-tech exports, among others.

The theme of the GII 2017, ‘Innovation Feeding the World,’ spotlights innovation carried out in agriculture and food systems. Over the next decades, these sectors will face an enormous rise in global demand and increased competition for limited natural resources, in addition to adapting to climate change.

The report underscores that innovation is key to sustaining the necessary productivity growth to help enhance networks that integrate the sustainable food production, processing, distribution, consumption, and waste management known as food systems.

Global Innovation Index 2017: Rank of Countries

Rank Economy Strength / Weakness Value Score
1 Switzerland Strength 67.7
2 Sweden Strength 63.8
3 Netherlands Strength 63.4
4 United States of America 61.4
5 United Kingdom 60.9
6 Denmark Strength 58.7
7 Singapore 58.7
8 Finland 58.5
9 Germany 58.4
10 Ireland 58.1
11 Korea, Republic of 57.7
12 Luxembourg 56.4
13 Iceland 55.8
14 Japan 54.7
15 France 54.2
16 Hong Kong (China) 53.9
17 Israel 53.9
18 Canada 53.7
19 Norway 53.1
20 Austria 53.1
21 New Zealand 52.9
22 China 52.5
23 Australia 51.8
24 Czech Republic 51
25 Estonia 50.9
26 Malta 50.6
27 Belgium 49.9
28 Spain 48.8
29 Italy 47
30 Cyprus 46.8
31 Portugal 46.1
32 Slovenia 45.8
33 Latvia 44.6
34 Slovakia 43.4
35 United Arab Emirates 43.2
36 Bulgaria 42.8
37 Malaysia 42.7
38 Poland 42
39 Hungary 41.7
40 Lithuania 41.2
41 Croatia 39.8
42 Romania 39.2
43 Turkey 38.9
44 Greece 38.8
45 Russian Federation 38.8
46 Chile 38.7
47 Viet Nam 38.3
48 Montenegro 38.1
49 Qatar 37.9
50 Ukraine 37.6
51 Thailand 37.6
52 Mongolia 37.1
53 Costa Rica 37.1
54 Moldova, Republic of 36.8
55 Saudi Arabia 36.2
56 Kuwait 36.1
57 South Africa 35.8
58 Mexico 35.8
59 Armenia 35.7
60 India   35.5
61 TFYR Macedonia 35.4
62 Serbia 35.3
63 Panama 35
64 Mauritius 34.8
65 Colombia 34.8
66 Bahrain 34.7
67 Uruguay 34.5
68 Georgia 34.4
69 Brazil 33.1
70 Peru 32.9
71 Brunei Darussalam 32.9
72 Morocco 32.7
73 Philippines 32.5
74 Tunisia 32.3
75 Iran, Islamic Republic of 32.1
76 Argentina 32
77 Oman 31.8
78 Kazakhstan 31.5
79 Dominican Republic 31.2
80 Kenya 31
81 Lebanon 30.6
82 Azerbaijan 30.6
83 Jordan 30.5
84 Jamaica 30.4
85 Paraguay 30.3
86 Bosnia and Herzegovina 30.2
87 Indonesia 30.1
88 Belarus 30
89 Botswana 30
90 Sri Lanka 29.9
91 Trinidad and Tobago 29.7
92 Ecuador 29.1
93 Albania 28.9
94 Tajikistan 28.2
95 Kyrgyzstan 28
96 Tanzania, United Republic of 28
97 Namibia 27.9
98 Guatemala 27.9
99 Rwanda 27.4
100 Senegal 27.1
101 Cambodia 27
102 Uganda 27
103 El Salvador 26.7
104 Honduras 26.4
105 Egypt 26
106 Bolivia, Plurinational State of 25.6
107 Mozambique 24.5
108 Algeria 24.3
109 Nepal 24.2
110 Ethiopia 24.2
111 Madagascar 24.2
112 Cote dIvoire 24
113 Pakistan 23.8
114 Bangladesh 23.7
115 Malawi 23.5
116 Benin 23
117 Cameroon 22.6
118 Mali 22.5
119 Nigeria 21.9
120 Burkina Faso Weakness 21.9
121 Zimbabwe 21.8
122 Burundi 21.3
123 Niger 21.2
124 Zambia Weakness 20.8
125 Togo Weakness 18.4
126 Guinea Weakness 17.4
127 Yemen Weakness 15.6

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