On 5 July 2012, INSEAD and the World Intellectual Property Organisation (WIPO, a specialized UN agency) released the annual update to the Global Innovation Index.
For the second consecutive year, Switzerland, Sweden, and Singapore lead in overall innovation performance.
The report ranks 141 countries/economies on the basis of their innovation capabilities and results. It benefits from the experience of Knowledge Partners Alcatel-Lucent, Booz & Company, and the Confederation of Indian Industry (CII), as well as an Advisory Board of eleven international experts.
The study shows that the dynamics of innovation continue to be affected by the emergence of new successful innovators, as seen by the range of countries across continents in the top twenty GII ranking, as well as the good performances of emerging countries such as Latvia, Malaysia, China, Montenegro, Serbia, Republic of Moldova, Jordan, Ukraine, India, Mongolia, Armenia, Georgia, Namibia, Viet Nam, Swaziland, Paraguay, Ghana, Senegal; and low-income countries Kenya and Zimbabwe.
“The GII is a timely reminder that policies to promote innovation are critical to the debate on spurring sustainable economic growth,” WIPO Director General Francis Gurry said. “The downward pressure on investment in innovation exerted by the current crisis must be resisted. Otherwise we risk durable damage to countries’ productive capacities. This is the time for forward-looking policies to lay the foundations for future prosperity.”
Below is the report and also a link to a page where additional documents can be downloaded:
Top 10 Leaders in the Global Innovation Index
Hong Kong (China)
United States of America
The list of overall GII top 10 performers has changed little from last year. Switzerland, Sweden, and Singapore are followed in the top ten by Finland, the United Kingdom, the Netherlands, Denmark, Hong Kong (China), Ireland, and the United States of America. Canada is the only country leaving the top 10 this year, mirroring weakening positions on all main GII innovation input and output pillars. The report shows that the U.S.A. continues to be an innovation leader but also cites relative shortfalls in areas such as education, human resources and innovation outputs as causing a drop in its innovation ranking.
Top 10 Leaders in the Global Innovation Efficiency Index
- Republic of Moldova
- Sri Lanka
Complementing the overall GII ranking, the Global Innovation Efficiency Index shows which countries are best in transforming given innovation inputs into innovation outputs. Countries which are strong in producing innovation outputs despite a weaker innovation environment and innovation inputs are poised to rank high in this “efficiency” index.
In the Global Innovation Efficiency Index, China and India lead the top 10 league of countries. Four of the top 10 countries in the Efficiency Index are lower-middle income countries.
“Developed economies must continue to strengthen and develop linkages amongst stakeholders in the innovation landscape to stay ahead in strategic sectors,” said Per-Ola Karlsson, Senior Partner, Managing Director of Europe, Booz & Company. “Similarly, developing economies must institute a national model that establishes coherent linkages in their innovation systems. By aligning cross-cutting policies and coordinating the efforts of all stakeholders, these coherent linkages drive the innovation process.”