CHINA ENTERS TOP 25 IN 2017 GLOBAL INNOVATION INDEX

The innovation metrics season continues with the publication of the 2017 Global Innovation Index in which China becomes the first-ever middle income economy to be ranked in the top 25. Switzerland, Sweden, the Netherlands, the US and the UK are the world’s most-innovative countries, while a group of nations including India, Kenya, and Viet Nam are outperforming their development-level peers.

In this year’s edition of the Index, 15 of the top 25 global economies are in Europe. Europe is particularly strong in human capital and research, infrastructure and business sophistication. European economies rank first in almost half the indicators composing the Index, and include knowledge-intensive employment, university/industry research collaboration, patent applications, scientific and technical articles, and quality of scientific publications.

Co-authored by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), the Global Innovation Index surveys 127 economies using 81 indicators from patent filings to education spending, thereby providing policy makers with a high level look at the innovative activity that increasingly drives economic and social growth. This 10th edition focuses on innovation in agriculture and food systems. In the coming decades, the agriculture and food sector will face an enormous rise in global demand, increased competition for limited natural resources, and the effects of climate change. Innovation is key to sustaining the productivity growth required to meet this rising demand and to helping enhance the networks (“food systems”) that integrate sustainable food production, processing, distribution, consumption, and waste management.

The Global Innovation Index 2017 (Top 25) at a glance:

  • Switzerland (Number 1 in 2016)
  • Sweden (2)
  • Netherlands (9)
  • US (4)
  • UK (3)
  • Denmark (8)
  • Singapore (6)
  • Finland (5)
  • Germany (10)
  • Ireland (7)
  • Republic of Korea (11)
  • Luxembourg (12)
  • Iceland (13)
  • Japan (16)
  • France (18)
  • Hong Kong (China) (14)
  • Israel (21)
  • Canada (15)
  • Norway (22)
  • Austria (20)
  • New Zealand (17)
  • China (25)
  • Australia (19)
  • Czech Republic (27)
  • Estonia (24)

More reading at https://www.globalinnovationindex.org/gii-2017-report

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