Global Innovation Index

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Global Innovation Index
LanguageEnglish, French, Spanish, Arabic, Chinese, Russian, German, Korean, Portuguese, Japanese
Publication details
History2007–present
Publisher
FrequencyAnnual
LicenseCC BY 4.0
Standard abbreviations
ISO 4Glob. Innov. Index
Indexing
ISSN2263-3693
Links
Framework showing the elements of the index

The Global Innovation Index is an annual ranking of countries by their capacity for, and success in, innovation, published by the World Intellectual Property Organization (WIPO). It was started in 2007 by INSEAD and World Business,[1]: 203  a British magazine. Until 2021 it was published by WIPO, in partnership with Cornell University, INSEAD and other organisations and institutions.[2]: 333 [3] It is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.[1]: 203 

History[edit]

The index was started in 2007 by INSEAD and World Business,[1]: 203  a British magazine. It was created by Soumitra Dutta.[4]

Methodology[edit]

The index is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, which are composed of five and two pillars respectively. Each of these pillars describe an attribute of innovation, and comprise up to five indicators, and their score is calculated by the weighted average method.[5]

Since its inception in 2007, an increasing number of governments systematically analyze their annual GII results and design policy responses to improve their performance.[6][7][8][9][10] The index is mentioned in a resolution on science, technology and innovation for sustainable development adopted on 19 December 2019 by the General Assembly of the United Nations.[11]

The index has been criticized for giving excessive significance attributed to factors that aren’t integral to innovation. For instance, “Ease of Paying Taxes“, “Electricity Output“ (half-weightage) and “Ease of Protecting Minority Investors” are factors alongside “Ease of Getting Credit” and “Venture Capital Deals“.[12]

Themes[edit]

Every two years the GII covers a theme related to innovation which goes beyond the innovation rankings. In 2020, the theme was “Who will finance innovation?” shedding light on the state of innovation financing by investigating the evolution of existing mechanisms and pointing to progress and remaining challenges. Previous GII themes covered health innovation, environmental innovation, agricultural and food innovation, and others.[13]

Ranking[edit]

Movement in the Global Innovation Index top 10 countries and territories between 2018 and 2022

The top 50 ranking for 2023:[14]

Rank Country Score
1 Switzerland 67.6
2 Sweden 64.2
3 United States 63.5
4 United Kingdom 62.4
5 Singapore 61.5
6 Finland 61.2
7 Netherlands 60.4
8 Germany 58.8
9 Denmark 58.7
10 South Korea 58.6
11 France 56.0
12 China 55.3
13 Japan 54.6
14 Israel 54.3
15 Canada 53.8
16 Estonia 53.4
17 Hong Kong 53.3
18 Austria 53.2
19 Norway 50.7
20 Iceland 50.7
21 Luxembourg 50.6
22 Ireland 50.4
23 Belgium 49.9
24 Australia 49.7
25 Malta 49.1
26 Italy 46.6
27 New Zealand 46.6
28 Cyprus 46.3
29 Spain 45.9
30 Portugal 44.9
31 Czech Republic 44.8
32 United Arab Emirates 43.2
33 Slovenia 42.2
34 Lithuania 42.0
35 Hungary 41.3
36 Malaysia 40.9
37 Latvia 39.7
38 Bulgaria 39.0
39 Turkey 38.6
40 India 38.1
41 Poland 37.7
42 Greece 37.5
43 Thailand 37.1
44 Croatia 37.1
45 Slovakia 36.2
46 Vietnam 36.0
47 Romania 34.7
48 Saudi Arabia 34.5
49 Brazil 33.6
50 Qatar 33.4

See also[edit]

References[edit]

  1. ^ a b c Jean-Eric Aubert (editor) (2010). Innovation Policy: A Guide for Developing Countries. Washington, DC: World Bank. ISBN 9780821382691.
  2. ^ Charles H. Matthews, Ralph Brueggemann (2015). Innovation and Entrepreneurship: A Competency Framework. London; New York: Routledge. ISBN 9780415742528.
  3. ^ "UK ranked as world-leader in innovation". Department for Business, Innovation & Skills. 17 September 2015. Retrieved 15 July 2016.
  4. ^ "Academic Network – Portulans Institute". portulansinstitute.org. Retrieved 15 November 2022.
  5. ^ Soumitra Dutta, Bruno Lanvin, Sacha Wunsch-Vincent (editors) (2015). Global Innovation Index Report 2015. Fontainebleau; Ithaca; Geneva: INSEAD, Cornell and WIPO. ISBN 9782952221085. Archived 18 February 2016.
  6. ^ "Republic Act No. 11293 : The Philippine Innovation Act declares the GII as a measure of innovation". lawphil.net. Retrieved 15 November 2022.
  7. ^ In July 2021, the Intellectual Property Strategy Headquarters under the Prime Minister's Office in Japan decided on the Intellectual Property Promotion Plan 2021, setting forth a plan of annual action related to intellectual property for all ministries and agencies. In the first part of the plan, WIPO's GII is cited (p.5):https://www.kantei.go.jp/jp/singi/titeki2/kettei/chizaikeikaku20210713.pdf
  8. ^ The GII is also cited throughout the official Malaysian Government report, the Twelfth Malaysia Plan (RMK12): https://rmke12.epu.gov.my/en.
  9. ^ "Resolution No. 01/NQ-CP on solutions for implementation of socio economic development plan in 2021". LuatVietnam. Retrieved 9 November 2022.
  10. ^ "UK ranked as world-leader in innovation". Department for Business, Innovation & Skills. 17 September 2015. Retrieved 15 July 2016.
  11. ^ A/RES/74/229: Seventy-fourth session: Agenda item 20 (b): Globalization and interdependence: science, technology and innovation for sustainable development: Resolution adopted by the General Assembly on 19 December 2019. Accessed December 2021.
  12. ^ Dašić, Predrag; Dašić, Jovan; Antanasković, Dejan; Pavićević, Nina (2020). "Statistical Analysis and Modeling of Global Innovation Index (GII) of Serbia". In Karabegović, Isak (ed.). New Technologies, Development and Application III. Lecture Notes in Networks and Systems. Vol. 128. Cham: Springer International Publishing. pp. 515–521. doi:10.1007/978-3-030-46817-0_59. ISBN 978-3-030-46817-0. S2CID 218917874.
  13. ^ "Publications: Global Innovation Index". Wipo.int. Retrieved 8 May 2022.
  14. ^ WIPO. "Global Innovation Index 2023, 15th Edition". www.wipo.int. Retrieved 8 November 2023.
  •  This article incorporates text available under the CC BY 4.0 license.

Further reading[edit]

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