Red carpet for the world ranking of innovation

A survey conducted annually by INSEAD, a leading business school in Europe presented last Thursday 30th June, in Paris a research indicating the Global Innovation Index 2011.

It can be noted that few Latin American countries are placed in the top 50 (the Global Innovation Index (GII)). Chile is in the lead ranking 38th, Costa Rica ranked 45th and Brazil 47th respectively. In the top 10 are 6 European countries, 2 Asian and 2 North American.

For the construction of the data, criteria such as political and regulatory environments, access to credit, indicators of basic and higher education, the consumption of cultural and leisure activities were countable. It appears that the study took criteria which went beyond traditional ones like patents issued, and research and development (R&D) expenditures.

I do recommend having a look to Chapter 2 of this study - it relates to innovation in Latin America. The study indicates how public policy tools have fostered innovation in Chile and Brazil and gives some examples of innovations taking place in this side of the pond.

For the study, organizations such as Alcatel-Lucent, Booz & Company, the Confederation of Indian Industry(CII),and the World Intellectual Property Organization (WIPO) have contributed.

The ranking is available here.
Brazil point of view here.