All of the top ten economies in the 212 Global Innovation Index are large economies, the two largest in the top ten being the US and the UK. The #2 economy, China, is not in the top ten. Switzerland, with a relatively small GDP, ranks #1 in the index largely because of the manner in which it uses its innovation resources.
Research and Development, while an important part of the GII, is facing continual downturns - presumably because of the economy; this does not bode well for the future or innovation, according to INSEAD Professor Soumitra Dutta, who created the GII five years ago and is one of the report authors. Dutta, WIPO Director General Francis Gurry, and Nestle EVP/CTO Werner Bauer talked with reporters at the launch of the GII 2012 in Geneva this morning.
The changes in rankings this year among the 141 economies ranked are due to three things, according to Dutta:
1. a change in performance;
2. a change in the methodology (updated each year);
3. a change relative to new countries being added.
Dutta points out that, as innovation is a "moving target," the index changes to respond and measure accordingly. One challenge this year was to identify so-called sustainable innovation.
Research and Development, while an important part of the GII, is facing continual downturns - presumably because of the economy; this does not bode well for the future or innovation, according to INSEAD Professor Soumitra Dutta, who created the GII five years ago and is one of the report authors. Dutta, WIPO Director General Francis Gurry, and Nestle EVP/CTO Werner Bauer talked with reporters at the launch of the GII 2012 in Geneva this morning.
The changes in rankings this year among the 141 economies ranked are due to three things, according to Dutta:
1. a change in performance;
2. a change in the methodology (updated each year);
3. a change relative to new countries being added.
Dutta points out that, as innovation is a "moving target," the index changes to respond and measure accordingly. One challenge this year was to identify so-called sustainable innovation.
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