Innovation index... Switzerland is the first globally, UAE among Arabs and Iraq out of the list
Shafaq News/ The UAE was ranked the first in the Global Innovation Index for 2019 and ranked 36th in the world out of 129 countries.
The report, co-authored by Cornell University, the European Institute of Business Administration (INSEAD) and the World Intellectual Property Organization (WIPO), showed that the majority of Arab countries were ranked after the 60th rank , while Yemen was ranked last globally.
The Global Innovation Index classifies different economies based on 80 indicators measuring R & D investments, international patent and trademark applications, indicators for the creation of mobile phone applications and technology exports.
The index also looks at the economic context of countries despite signs of slowing economic growth in some but innovation continues continue to flourish, especially in Asia, with pressures on trade and protectionism looming, according to WIPO Web site.
Following is the classification of Arab countries in the Global Innovation Index:
UAE: ranked 36th globally
Kuwait: ranked 60th globally
Qatar: ranked 65th globally
Saudi Arabia: ranked 68th globally
Tunisia: ranked 70th globally
Morocco: ranked 74th globally
Bahrain: ranked 78th globally
Oman: ranked 80th globally
Jordan: ranked 86th globally
Lebanon: 88th globally
Egypt: ranked 92 globally
Algeria: ranked 113 globally
Yemen: ranked 129 globally
Globally, Switzerland has been crowned one of the most innovative countries in the world, followed by Sweden, the United States, the Netherlands and Britain.
The report identified India, South Africa, Chile, Israel, Singapore, China, Vietnam and Rwanda as regional and institutional leaders of their groups.
The list did not contain statistics on Iraq.
WIPO says that the index "has become a global benchmark that helps policymakers understand more on how to stimulate and measure innovation, as a key driver of economic and human development”.