THURSDAY, March 28, 2024
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Thailand ranks 52 in Global Innovation Index

Thailand ranks 52 in Global Innovation Index

Thailand ranks 52nd in the 2016 Global Innovation Index, among 128 economies enlisted.

In the 2015 listing, from 141 economies, Thailand was ranked 55th.
In the three sub-indices, Thailand did the best in innovation output, placing it in the 50th. However, in the innovation input sub-index, it is placed the 57th. It is ranked 53rd in the innovation efficiency ratio sub-index.
Leading the ranking released by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO) on Monday was Switzerland which retained the position for six years. Following regional leaders Sweden and UK are Finland (5), Ireland (7), Denmark (8), Netherlands (9), and Germany (10), which joins the top 10 in 2016. 
China was among the top 25, marking the first time a middle-income country has joined the highly developed economies that have dominated the top of the ranking in its nine editions of surveying the innovative capacity of over 100 economies. 
Despite China's rise, an "innovation divide" persists between developed and developing countries amid increasing awareness that fostering innovation is crucial to a vibrant, competitive economy.  
"In this current economic climate, uncovering new sources of growth and leveraging the opportunities raised by global innovation are priorities for all stakeholders," says WIPO Director General Francis Gurry.  
Fifteen of the top 25 economies in the GII come from Europe. 
In Northern America, the US (4) continues to be one of the world's most-innovative nations. Canada is ranked 15th.
In Africa, Mauritius takes the top spot at 53, followed by South Africa (54), Kenya (80), Rwanda (83), Mozambique (84), Botswana (90), Namibia (93), and Malawi (98).
In Latin America, Chile takes the top spot among economies in the region (44), followed by Costa Rica (45), Mexico (61), Uruguay (62), and Colombia (63). Brazil is at 69.
India, 66, is the top-ranked economy in Central and Southern Asia.
Israel (21) and Cyprus (31) are the top two nations in the Northern Africa and Western Asia region for the 4th consecutive year. Turkey ranks 4th and of the top five in this region, two are from the GCC: United Arab Emirates (41) and Saudi Arabia (49).
Singapore (6), the Republic of Korea (11), Hong Kong (China) (14), Japan (16), and New Zealand (17) lead in the Southeast Asia, East Asia, and Oceania region. The majority of GII innovation leaders are in this region or Europe. 
Among upper-middle-income economies, China (25), Malaysia (35), and Thailand (52) rank first in the region.
 
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