Global innovation key to increasing prosperity - New York News

Global innovation key to increasing prosperity

Updated:

By: Kirby Brown, Deseret News

Since 2007, the World Intellectual Property Organization, an agency of the United Nations, along with several other entities has published the Global Innovation Index that seeks to assess and rank innovation abilities and innovation results among the countries of the world.

A fundamental concept underpinning the efforts to conduct this survey each year is that innovation is an essential and critical driver of economic growth and prosperity.

A total of 84 indicators are measured and compared for each of 142 countries.

For the second year in a row, Switzerland topped the list of the most innovative countries in 2013, according to the survey, followed by Sweden, United Kingdom, and the Netherlands.

The United States landed at a respectable No. 5 in the rankings, rising from 10th place in the 2012 results. Rounding out the top 10 is Finland, Hong Kong (China), Singapore, Denmark and Ireland.

A strong university educational base in the United States is noted as a significant contributor to its relative positioning in the rankings. Increasing focus on knowledge-based services supports the U.S. ranking.

As recently as the 2009 WIPO survey, the U.S. was ranked first among global countries.

Past innovation successes that tend to lead to additional future innovation success is one of the meaningful observations from the survey inputs and results. Economic policies and educational and fiscal environments that facilitate innovation also appear to support the attraction of investment capital and essential human talent. These resources will generally migrate, over time, to their more productive uses across country borders.

Finding paths to increase the overall economic welfare rather than creating disincentives for those productive workers, companies and countries, where relative affluence has emerged, will benefit a much broader group of people. Creating more opportunities for value-adding innovation, which tends to result in improving general economic prosperity, will benefit a greater portion of the overall global populace.


Original Post

Copyright 2013 Deseret Digital Media, Inc.

  • Local NewsLocal NewsMore>>

  • August 23, 2014

    Staten Island march traffic and transit advisory

    Staten Island march traffic and transit advisory

    Friday, August 22 2014 3:07 PM EDT2014-08-22 19:07:48 GMT
    The NYPD and the MTA have announced road and transit changes for Staten Island that will be in effect on Saturday, August 23, 2014, due to the scheduled rally in honor of Eric Garner, the Staten Island man who died during an arrest.
    The NYPD and the MTA have announced road and transit changes for Staten Island that will be in effect on Saturday, August 23, 2014, due to the scheduled rally in honor of Eric Garner, the Staten Island man who died during an arrest.
  • 1990 arson-murder rap tossed, Queens man is set free

    1990 arson-murder rap tossed, Queens man is set free

    A former New York businessman whose arson-murder conviction was overturned in the death of his daughter was freed from prison Friday after 24 years behind bars, following a judge's ruling that the case against him had been based on now-debunked arson science.
    A former New York businessman whose arson-murder conviction was overturned in the death of his daughter was freed from prison Friday after 24 years behind bars, following a judge's ruling that the case against him had been based on now-debunked arson science.
  • Sanitation men nearly throw away mayor's piano

    Sanitation men nearly throw away mayor's piano

    Friday, August 22 2014 1:39 PM EDT2014-08-22 17:39:56 GMT
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.
    A piano donated by Jersey City Mayor Steve Fulop nearly ended up pushing up daises in a landfill instead of making music in a pedestrian plaza. Fulop gave the upright so residents could play tunes in a pedestrian plaza that opened on Monday.

Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices