Pakistan has rated very poorly on various indicators at Global Innovation Index 2014. Overall, it has ranked 134 out of 143 countries.
On several indicators, it has shown poorer performance than smaller countries in South Asia like Nepal, Bhutan and Bangladesh.
For example, in education, we are at 141 out of 143. In Institutions category, we are at 135.
In political stability, we have hit the rock bottom at 143. In rule of law, we are at 122.
Is it time that we recognise our condition and make a deliberate, concerted effort to perform better in future indices? Perhaps form an informal virtual group of concerned Pakistanis?
The Global Innovation Index 2014 (GII), in its 7th edition this year, is co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO, a UN agency), says the website.
The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Over the last seven years, the GII has established itself as a leading reference on innovation.
Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally.
Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development.
With the support of the Australian Government, the GII 2014 was launched on July 18, 2014 in Sydney, Australia.
The launch was associated with the meeting of international business leaders (known as B20) which is part of Australia’s preparations to host the annual Group of Twenty (G20) Leaders Summit on November 15-16, 2014.
In addition, regional launches will take place throughout the year in Asia, the Middle-East, North and Latin America.
2014 theme: The Human Factor in Innovation
The theme of the 2014 GII, the ‘Human Factor in Innovation’, explores the role of the individuals and teams behind the innovation process. Statistically capturing this human contribution to innovation is a daunting challenge.
Even more complex are the challenges faced by all those who try to properly nurture the human factor in innovation.
The importance of both individual and collective efforts of creators and scientists in the innovation process has been well documented in the literature. The results of the GII provide additional evidence of this significance.
A rich collection of analytical chapters within the GII 2014 shed light on different aspects required of human capital in order to achieve innovation, including the presence of skilled labour, the necessity of skills for successful innovation, higher education, the intersection of human capital, financial capital, and technological capital, retention of talent, and the mobilization of the highly educated.
You can download the GII 2014 report here.
Also see: Bloomberg’s 2015 ranking of the world’s 50 most innovative countries (Pakistan missing)
See also: Everything else we reported on Pakistan and its future (links below)
Which country has the worst air pollution? | Hint: Pakistan
Also see some other indices:
Do not miss our Understanding Pakistan Series