BAKU, Azerbaijan, Dec. 24
By Eldar Janashvili - Trend:
Azerbaijan has improved its position in three categories in Global Innovation Index (GII) 2019 ranking, Trend reports with reference to the GII.
Compared to last year's ranking, Azerbaijan improved its positions in the categories "Development of the domestic market", "Development of technologies and the knowledge economy" and "Creativity".
Azerbaijan ranked 84th in the index and this is two positions lower compared to the previous year. Azerbaijan's best result is the first place in the Investment sub-index of the Domestic Market Development category. Azerbaijan's ranking in the Protection of Minority Investors indicator is also very high - the second place, and the country ranked the ninth in the Ease of Starting a Business indicator. Also, the country ranked the 20th in the Ease of Obtaining Loans indicator of the Crediting sub-index of the same category.
Azerbaijan also ranked very high in the indicators Outflow of Direct Investment in Other Countries (10th) and Inflow of Foreign Direct Investment (15th).
Global Innovation Index 2019 is a joint publication of Cornell University (USA), INSEAD business school (France) and the World Intellectual Property Organization (WIPO), which covers 126 countries.
The GII 2019 rating is the average of the following two sub-indices. The "innovative resources" sub-index allows to evaluate the elements of the national economy in which innovation processes take place, and which are divided into five groups: institutions; human capital and science; infrastructure; development of the domestic market; and business development.
The "innovation results" sub-index reflects the actual results of innovation activity in two groups: technology and knowledge economy development and creative activity development.
In general, the rating is based on 82 indicators covering the potential, performance and framework conditions of innovation activities, which represent the above-listed seven groups-characteristics of innovative activity.
The main objective of the GII publication is to provide opportunities for evaluation of mechanisms of stimulation of innovative activities.
The leader of the GII 2019 is Switzerland, which is followed by Sweden, the US, the Netherlands, the UK and Finland. The top ten most innovative countries also include the Denmark, Singapore and Germany.
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