30 June 2011 – INSEAD, the leading international business school, today announced the findings of The Global Innovation Index (GII) 2011 edition. Switzerland, Sweden and Singapore topped the list; however Australia’s performance has slipped from 18th in 2010 to 21st in 2011. In 2009 it was 22nd.
See page 126 for Australia’s performance:
– 1st in Regulatory Envrionment
– 4th in Infrastructure
– 70th in Knowledge Diffusion
– 81st in Creative Good Exports
Why is innovation important?
“Innovation is a central driver of economic growth, development, and better jobs. It is the key that enables firms to successfully compete in the global marketplace, and the process by which solutions are found to social and economic challenges, from climate change to the fight against deadly diseases. It is the source of improvements to the quality of our everyday life”
The Global Innovation Index is laying the foundation for a global conversation of the role of innovation in addressing these challenges. By bringing together diverse parties to explore how innovation is being applied around the world, and what conditions make for successful innovation, it is making an essential contribution to the promotion of open innovation as a basic operating principal for the global community.