In recent years, innovation has proved to be a key enabler of progress and competitiveness; especially in times when the world is recovering from the aftershocks of a global recession. Today, with the focus worldwide on stabilizing the global economy and jumpstarting growth, a strong emphasis on directed pro-innovation policies can be a rainbow of hope for nations worldwide.
Third in the series, the Global Innovation Index and Report, launched in 2007 by INSEAD, has been brought out this year, like last, in partnership with India’s Confederation of Indian Industry (CII). The Report has stressed the importance of innovation in country competitiveness and development strategies and has provided a very useful tool for decision makers and civil society alike to monitor national progress as well as benchmark best practices and policies in the field of innovation.
Iceland is the surprise topper despite the tough economic situation it has faced since two years. Sweden and Hong Kong follow in the second and third positions. Switzerland in the fourth position, Denmark, (fifth), Finland (sixth), Singapore (seventh), Netherlands (eighth), New Zealand (ninth) and Norway (tenth) are others in the top ten league. Among the best innovators from last year, USA (eleventh), UK (fourteen), Germany (sixteen) have fallen in ranks.
The study and the methodology have evolved over the last three years. In this report, some changes have been introduced to give it a more holistic outlook. The traditional approach to measure innovation has been to look at parameters like patents per million of population, publication of scientific journals, research and development expenditure, and so on. This report goes beyond this and adds other parameters that capture innovation in emerging markets and the effects of innovation on social welfare.
The Report is composed of four thematic parts. The first features the findings of GII 2009/10 and captures the trends and makes deep dive analyses of the factors that have driven innovation in economies across the world.
The next section provides insight into best practices and policies focusing on specific country case studies. The countries selected this year are Singapore, Brazil, Denmark and the United States. Also included are detailed profiles for each of the 132 economies covered in this year’s Report, offering a comprehensive snapshot of each economy’s current innovation landscape.
Finally, there is also a section that features detailed data tables for each of the 60 variables comprising the GII this year along with technical notes and sources.
In a global environment characterized by recession and recovery, the GII 2009/10 highlights that the country leaders of today are not necessarily the leaders of tomorrow. Innovation can therefore — and often must — be disruptive to catalyze the process.
At the dedicated website you can download the full report, analyze the data using various available options and Discover the reports for the previous years.
This text has been republished with the kind permission of INSEAD.