The World's Top Innovators

Globalisation and global challenges has puched innovation to the top of the agenda for governments. In today's global and connected economy countries have to respond to global challenges to ensure that their national and regional economies remain competitive. All economies are interdependent and interconnected.

Innovation is going to the single most important driver in determining any nation's success in the 21st century. Where once competitive organisations made improvements to optimise efficiency, operations and quality, now whole nations must optimise our entire society and economy for innovation.

Simply doing the same as before is no longer an option for governments and companies. Commercial and economic prosperity urgently demands that businesses shift to creating fresh value from new products and services. INSEAD, one of the world's leading business school based in Europe, and World Business have jointly established a Global Innovation Index or GII, ranking counties by their innovation capabilities.

GII is caluculated from combining scores for a nation's Institutions and policies, human capacity, infrastructure, technological sophistication, business markets and capital, knowledge, competitveness and wealth. What the GII ranking shows is that pressure for nations to remain innovative is already changing the our planet. The 20 innovator:

• 1 US 5.80
• 2 Germany 4.89
• 3 UK 4.81
• 4 Japan 4.48
• 5 France 4.32
• 6 Switzerland 4.16
• 7 Singapore 4.10
• 8 Canada 4.06
• 9 Netherlands 3.99
• 10 Hong Kong 3.97
• 11 Denmark 3.95
• 12 Sweden 3.90
• 13 Finland 3.85
• 14 UAE 3.81
• 15 Belgium 3.77
• 16 Luxembourg 3.72
• 17 Australia 3.71
• 18 Israel 3.68
• 19 South Korea 3.67
• 20 Iceland 3.66

The UK is ranked in third place just behind Germany as a global leader. What analysis of the top 100 shows is that developing countries including India, China and African nations are also using technological innovation as a springboard for improving their economies. Since the early 1990s China has boosted R&D invest by 50% and is now aiming to get R&D to a level of 2.5% of its GDP.

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Shak Gohir
Business & Programme Manager