September 21, 2015: Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world's five most innovative nations, according to the 2015 Global Innovation Index (GII).
Now in its 8th edition this year, the GII is co-published by Cornell University, INSEAD and the World Intellectual Property Organization, a specialized agency of the United Nations.
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."
The GII, surveys 141 economies around the world, using 79 indicators to gauge both innovative capabilities and measurable results.
1 Switzerland (Number 1 in 2014)
2 United Kingdom (2)
3 Sweden (3)
4 Netherlands (5)
5 United States of America (6)
6 Finland (4)
7 Singapore (7)
8 Ireland (11)
9 Luxembourg (9)
10 Denmark (8)
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 that is similar to the one of top 25 high-income countries, including in areas such as human capital development and research and development funding.
Top-scoring middle-income economies on innovation quality are China, Brazil and India, with China increasingly outpacing the others.
Soumitra Dutta, Anne and Elmer Lindseth Dean, Samuel Curtis Johnson Graduate School of Management, Cornell University and co-author of the report, said: "Innovation quality matters. Creating world class universities and investing in research is essential for staying ahead in the global race for successful innovation."