Economic Development Indices Questions Medium
The Global Innovation Index (GII) is an annual ranking and report that measures and evaluates the innovation capabilities and performance of countries around the world. It provides a comprehensive assessment of innovation inputs and outputs, including factors such as institutions, human capital and research, infrastructure, market sophistication, business sophistication, knowledge and technology outputs, creative outputs, and innovation efficiency. The GII is a collaborative effort between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO). It aims to provide policymakers, business leaders, and other stakeholders with valuable insights and data to foster innovation-driven economic growth and development. The GII helps countries identify their strengths and weaknesses in innovation and provides a benchmark for comparison with other nations, encouraging them to adopt policies and strategies to enhance their innovation ecosystems.