The UK was ranked 2nd in the latest Global Innovation Index, up from 10th position in 2011.
At the launch of the eighth edition of the GII, Baroness Neville-Rolfe, Minister for Intellectual Property and Parliamentary Under Secretary of State at the Department for Business, Innovation and Skills said:
"The UK has an outstanding tradition in producing the very best in science and research: with less than 1% of the world's population we produce 16% of the top quality published research. This research excellence is a major factor in the UK maintaining its position at number two in the 2015 Global Innovation Index. The government is committed to making Britain the best place in Europe to innovate, patent new ideas and start and grow a business."
Co-published by WIPO, Cornell University and Insead, the GII ranks the innovation performance of 141 countries and economies around the world, based on 79 indicators. The GII 2015 explores the impact of innovation creation-oriented policies on economic growth and development. High income and developing countries alike are seeking innovation – driven growth through different strategies.
Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, while China, Malaysia, Vietnam, India, Jordan, Kenya and Uganda are among a group of countries out performing their economic peers.
The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment.
“Innovation holds far-reaching promise for spurring economic growth in countries at all stages of development. However, realizing this promise is not automatic,” said WIPO Director General Francis Gurry. He added: “Each nation must find the right mix of policies to mobilize the innate innovative and creative potential in their economies.”
As a whole, the group of top 25 performers – all high income economies – remains largely unchanged from past editions, illustrating that the leaders’ performance is hard to challenge for those that follow.
Some exceptions are: the Czech Republic (24th) is in the top 25 and Ireland (8th) in the top 10 this year. Also, China (29th) and Malaysia (32nd) show a performance which is similar to the one of top 25 high-income countries, including in areas such as human capital development and research and development funding.
In terms of innovation quality – as measured by university performance, the reach of scholarly articles and the international dimension of patent applications – a few economies stand out. The US and the UK stay ahead of the pack, largely as a result of their world-class universities, closely followed by Japan, Germany and Switzerland. Top-scoring middle-income economies on innovation quality are China, Brazil and India, with China increasingly outpacing the others.
Source: WIPO, 2015
Tags: Europe, Economy