A high potential for innovation increases the likelihood that countries can adapt their economic and social systems to changing realities and adequately react to new challenges. According to a new European Commission report, a positive correlation can be found between being more innovative and progressing towards green and digital transitions.
The Global Innovation Index (GII), developed by the World Intellectual Property Organization (WIPO), measures the innovation performance of 132 economies. It is based on roughly 80 indicators, including measures on inputs (institutions, human capital and research, infrastructure, market and business sophistication) and outputs (knowledge and technology outputs and creative outputs).
While no country worldwide leads in all transition categories, almost all EU countries are among the top transition leaders. Ireland and Denmark, especially, outperform the transition performance indicator in comparison to their innovation scores.
- Publication date
- 21 March 2022