World Affairs
Date of Event:
Oct 3, 2024
Some interesting excerpts from this article for discussion, if any one is interested:
Which country leads the world in innovation? Most people would say America. A few might say China. But according to the Global Innovation Index, published by the World Intellectual Property Organisation (WIPO), America only ranks third; China 11th.
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A country’s score on the index is correlated with its GDP per person: rich countries tend to rank higher. But some countries do better than you would expect given their level of development. The biggest outperformer by this measure is India. It ranks 39th. But a country with its low GDP per person would expect to rank outside the top 100. Likewise China, an upper middle-income country, would be expected to rank in the 60s, not 11th.
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Over the past five years, the fastest climbers in the rankings have been Indonesia, Mauritius, Saudi Arabia, Qatar, Brazil and Pakistan. For the world as a whole, progress has not been steady. In 2020-22, the world enjoyed an innovation boom. But that now appears to have come to an end.
Which country leads the world in innovation? Most people would say America. A few might say China. But according to the Global Innovation Index, published by the World Intellectual Property Organisation (WIPO), America only ranks third; China 11th.
...
A country’s score on the index is correlated with its GDP per person: rich countries tend to rank higher. But some countries do better than you would expect given their level of development. The biggest outperformer by this measure is India. It ranks 39th. But a country with its low GDP per person would expect to rank outside the top 100. Likewise China, an upper middle-income country, would be expected to rank in the 60s, not 11th.
...
Over the past five years, the fastest climbers in the rankings have been Indonesia, Mauritius, Saudi Arabia, Qatar, Brazil and Pakistan. For the world as a whole, progress has not been steady. In 2020-22, the world enjoyed an innovation boom. But that now appears to have come to an end.
