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China is entering the top 20 most innovative economies in the world, with Switzerland retaining its first place in the Global Innovation Index ranking published annually by Cornell University, INSEAD and the United States. World Intellectual Property Organization. , the GII is a detailed quantitative tool that helps global policymakers better understand how to stimulate innovative activity that spurs economic and human development. The GII has 126 economies based on 80 indicators, ranging from IP deposit rates to mobile application creation, education expenditures, and scientific and technical publications, reports EINNews.
The number 17 of China represents a breakthrough for a fast economy. Transformation driven by government policy gives priority to research and development-oriented ingenuity. While the United States has fallen back to sixth place in the GII 2018, it is an engine of innovation that has produced many of the largest high-tech companies and life-changing innovations.
Key leaders to develop a world-clbad innovation capability and to move the structural base of the economy towards more knowledge-based industries that rely on innovation to maintain a competitive edge, "said the Director General of WIPO, Francis Gurry. "He announces the arrival of multipolar innovation".
Top 20 of 2018
Switzerland (number 1 in 2017); Netherlands (3); Sweden (2); Great Britain (5); Singapore (7); United States (4); Finland (8); Denmark (6); Germany (9); Ireland (10); Israel (17); South Korea (11); Japan (14); Hong Kong (16); Luxembourg (12); France (15); China (22); Canada (18); Norway (19); Australia (23)
Growth of Innovation
A group of middle-income and low-income countries perform better in terms of innovation than their level of development suggests.
More than in 2017. The sub-Saharan African region has six innovative countries, including Kenya, Rwanda, and South Africa, while five economies are native to Africa. Eastern Europe. Indonesia, Malaysia, Thailand and Vietnam continue to progress, moving closer to regional powers such as China, Japan, Singapore and the Republic of Korea. "Over time, a number of emerging economies stand out as true drivers in the innovation landscape," said Soumitra Dutta, former dean and professor of management at Cornell University. "In addition to China, which is already in the top 25, the closest middle-income economy to this group is Malaysia.
Other interesting cases are India, Iran, Mexico, Thailand and Vietnam.
Energizing the World
The theme of the 2018 edition of GII is "Energizing the World Through Innovation", examining the need for an expanded innovative work on environmentally friendly technologies. climate change in response to global energy demand. Projections indicate that by 2040, the world will need 30% more energy than it needs today and conventional approaches to expanding the electricity industry. energy supply are not sustainable in the face of climate change.
equation, but keep in mind that such an innovation can not only be technological. New social, economic and business models are needed, including efforts to promote smart cities, shared-vehicle mobility solutions and global citizenship with better information on the impacts of different energy policies, "said Bruno Lanvin . Ultimately, we must ensure that solutions to our energy problems are responsive to local needs, do not create additional disruptions, and reduce inequities. "
Energy Sector
energetic innovation: New technological advances are needed throughout the energy value chain and public policies will play a central role in the transition to cleaner energy.
" For the energy sector Innovation is key to business strategy Energy leaders are well aware of the changes they face, how companies innovate using new types of business. energy and distribution technologies determine their ability to survive the transformation.
"This market will evolve for decades to come.As our study shows, as renewable energies become more viable, the industry of Electricity has the potential to innovate, "said Barry Jaruzelski, Director of Strategy & Consulting, Strategy & Strategy. e PwC, one of GII Knowledge's partners. This year, all economies in the Southeast Asia, East Asia and Oceania region are ranked among the top 100 of the GII.
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