While debate continues whether the world is in economic recovery or facing a long-continuing crisis, Switzerland continues to go about its business. The small European nation held on to the top spot of the 2013 edition of the Global Innovation Index, co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).
The GII 2013 examined 142 economies around the world, using 84 indicators including the quality of top universities, availability of microfinance, venture capital deals -- gauging both innovation capabilities and measurable results.
“Dynamic innovation hubs are multiplying around the world despite the difficult state of the global economy. These hubs leverage local advantages with a global outlook on markets and talent.” said WIPO Director General Francis Gurry. “For national-level policy makers seeking to support innovation, realizing the full potential of innovation in their own backyards is often a more promising approach than trying to emulate successful innovation models elsewhere.”
Europe dominated the top of the list with seven of the top 10 ranking economies. The top 10 countries in the Index are (in order): Switzerland, Sweden, United Kingdom, Netherlands, United States, Finland, Hong Kong (China), Singapore, Denmark and Ireland.
The U.S. returned to the top five for the first time since it held the top spot in 2009—rising five spots on the strength of its number of top-rank universities and increased software spending and employment in knowledge-intensive services.
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