Scandinavian Countries and Singapore Top Global Innovation Index

According to the Global Innovation Index (GII) 2012 of a United Nations (UN) agency report released yesterday, Switzerland, Sweden, and Singapore lead in overall innovation performance for the second year running.
The report by UN agency World Intellectual Property Index (WIPO) and INSEAD business school ranked 141 countries using 84 indicators. Switzerland is on the top which scored well in areas including research and development, creative output and ecological sustainability.

The list of overall GII top 10 performers has changed little from last year.  Switzerland, Sweden, and Singapore are followed by Finland, the United Kingdom, the Netherlands, Denmark, Hong Kong (China), Ireland, and the United States of America. 

Canada is the only country leaving the top 10 this year, mirroring weakening positions on all main GII innovation input and output pillars. The report shows that the U.S.A. continues to be an innovation leader but also cites relative shortfalls in areas such as education, human resources and innovation outputs as causing a drop in its innovation ranking.

Report author Soumitra Dutta said that although European countries were ‘clear leaders in innovation performance’, southern European countries continued to suffer from the effects of the global economic crisis and unresolved structural problems.

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