Kazakhstan ranks 79th in Global Innovation Index 201421 july 2014, 14:38
Kazakhstan has moved 5 lines up and is ranked 79th out of 143 countries in the Global Innovation Index, Tengrinews reports.
Among Central and Southern Asia countries, Kazakhstan is placed between India (76th) and Butan (86th). Kazakhstan has seen the rise in some indicators. For example, innovation output indicator moved 5 lines up to the 101st line, and effectiveness indicator - 8 lines up to the 126th place.
The most innovative countries presented in the ranking are Switzerland, the United Kingdom, Sweden, Finland, the Netherlands, the United States of America, Singapore, Denmark, Luxemburg and Hong Kong (China). Nine of these countries were in the Top 10 of the ranking in 2013, but this year, Ireland that number 10 in 2013 dropped to the 11th place and Luxemburg has entered the Top 10 from its 12th place in 2013.
According to Munich-based Ifo Institute for Economic Research, despite some increase in its indicators, Kazakhstan is still at the stage of formation of its national system of support and innovation, this explains the lag behind the leading countries of the world. According to the report there is no model of innovative economic development in the world that could guarantee socio-economic well-being of a nation if strictly followed. But the fundamentals of economic development that help achieve practical results in technology and innovation are human capital, competitive business, infrastructural base and an effective institutional environment.
The GII 2014 is the 7th edition co-published by Cornell University, INSEAD (European Institute of Business Administration), and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations) since 2007. The GII recognizes innovation as a key facilitator of economic growth and prosperity of a country. The theme of this year's reports is Human Factor in Innovation. The GII puts much emphasis on individuals as a fundamental driver of innovation processes. This report tries to capture the aspects of human factor responsible for innovation and growth. It illustrates how human capital influences innovation processes.
The GII 2014 covers 143 countries and uses 81 different indicators. These 143 countries generate 98.3% of the global GDP, and are home to 92.9% of the world's population.
The full report is available here.
Writing by Assel Satubaldina, editing by Tatyana Kuzmina