CHILE, A LEADER IN INNOVATION PERFORMANCE IN LATIN AMERICA

05 / 08 / 2012

The World Intellectual Property Organization (WIPO) and the Leading International Business School (INSEAD) elaborate each year the Global Innovation Index (GII) (www.globalinnovationindex.org). For this period 2012, the GII has classified 141 nations/economies based on their innovation capacities and results thereof.

The GII 2012 is calculated considering a diverse number of factors related to both the consumptions and generation of innovation in each one of the nations/economies. The first, consumption factor, includes elements such as Institutions, Human capital and research, Infrastructure, Market sophistication, and Business sophistication; while the second factor, generation of innovation, captures actual evidence of innovation results, divided in two elements, knowledge and technology outputs, and creative outputs.

In the GII 2012 edition, Chile was positioned for second consecutive year, as leader of the Latin American region with a score of 42,7 points, which is only 5 positions under China with 45,4 points, demonstrating again the relevant position of our country in the world innovation map. On the other hand, also for second consecutive year, Switzerland, Sweden and Singapore led the ranking with a score around 68 and 63 points, respectively.

The report further shows that the innovation dynamic is still pushed by emerging successful entrepreneurships, and by the close relationship between national GDP and the innovative capacity of each nation. In this sense, one end of GII, is to be a reminder that politics promoting innovation in each nation/economy are critical to stimulate a sustainable economic growth and maintaining the same over time

For more information please contact Eduardo Molina: emolina@villaseca.cl.