SC Johnson
Indonesia, Malaysia, Thailand, and Viet Nam continue to move up the rankings, steering closer to regional powerhouses like China, Japan, Singapore, and the Republic of Korea on Global Innovation Index (GII) 2018.
“Over time, a number of emerging economies stand out for being real movers and shakers in the innovation landscape, “ says Soumitra Dutta, Former Dean and Professor of Management at Cornell University on the report (Jul 11).
“Aside from China, which is already in the top 25, the middle-income economy closest to this top group is Malaysia. Other interesting cases are India, Iran, Mexico, Thailand and Viet Nam which consistently climb in the rankings,” says World Intellectual Property Organization (WIPO) Director General Francis Gurry.
This year all economies in South East Asia, East Asia, and Oceania region are ranked within the top 100 in the annual benchmarking tool for business executives, policymakers and others seeking insight into the state of innovation around the world.
In GII 2018 that is co-published by Cornell University, INSEAD, and the WIPO, Singapore (5), Republic of Korea (12) and Japan (13) are the highest ranked in South East Asia, East Asia, and Oceania region.
Singapore keeps its first place in the following indicators: government effectiveness, regulatory quality and foreign direct investment outflows. Singapore is the top performer as well in political stability and safety, market capitalization, foreign direct investment inflows, high- and medium-high-tech manufacturing and high-tech net exports.
Japan ranks 1st in a number of indicators: gross domestic expenditure on R&D financed by business, patent families in two or more offices, and intellectual property receipts.
Republic of Korea maintains its top rankings in patents applications by origin and various indicators measuring R&D efforts (gross domestic expenditure on R&D, R&D financed and performed by the business and research talent in business enterprise). It also keeps its 1st spot in industrial designs by origin and high-tech net exports. It is also ranked 8th in mobile app creation, the newly introduced indicator.