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Singapore retakes position as most innovative country in Asia
Jul 23, 2014

SYDNEY, Australia – Switzerland, the United Kingdom and Sweden topped this year’s Global Innovation Index, while Sub-Saharan Africa posted significant regional improvement in the annual rankings published by Cornell University, INSEAD and the World Intellectual Property Organization.

Amid a newly documented slowdown in the growth of global research and development, the theme of the Global Innovation Index (GII) 2014 is “The Human Factor in Innovation,” exploring the role of human capital in the innovation process and underlining the growing interest that firms and governments have shown in identifying and energizing creative individuals and teams.

For this year’s GII launch, Australia’s Minister for Industry Ian Macfarlane joined authors of the report and its partners in Sydney at a gathering of international business leaders (known as B20) which is part of Australia’s preparations to host the annual Group of Twenty (G20) Leaders Summit on November 15-16, 2014.

“Launching the GII in the run-up to the G20 hosted by the Australian Government and as its first launch in the Asia-Pacific region reflects the uniqueness of the GII as tool for measuring and improving innovation performance,” said Francis Gurry, Director General of the World Intellectual Property Organization (WIPO). He added: “It recognizes the centrality of innovation for a job-rich, strong, sustainable and balanced growth path – as envisioned by the G20 leadership.”

“I’m honored to launch the GII in Sydney today and am very proud to see Australia leading the way in trade and competition. Australia is an investment destination offering a highly skilled workforce. We understand that efforts to increase prosperity depend on innovation, creativity and a focus on new global markets, as well as a strong intellectual property system – a central part of the growth agenda being discussed by the G20,” said Mr. Macfarlane.

The GII 2014 surveys 143 economies around the world, using 81 indicators–to gauge both their innovation capabilities and measurable results. Published annually since 2007, the GII is now a leading benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world. This year’s study benefits from the experience of its Knowledge Partners: the Confederation of Indian Industry, du and Huawei, as well as of an Advisory Board of 14 international experts.

Re-disseminated by The Asian Banker

Categories: Markets & Exchanges
Keywords: Global Innovation Index



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