Evaluating Economies: GII
With the aim of capturing diversified facet of innovation, the Global Innovation Index provide the tool that helps in developing policies to promote and enhance long term output growth, improved productivity, and job growth. The GII creates an environment for continuous evaluation of innovation factors. The purpose of GII report is the ranking of world economies’ innovation capabilities and results. The credit of its publication goes to Cornell University, INSEAD, and the World Intellectual Property Organization.
The GII has established itself as a leading reference when it comes to innovation for past ten years. Its salient feature includes understanding the human aspects behind innovation for the purpose of design of policy in order to promote economic development and richer innovation prone environment locally. To recognise the key role of innovation as a driver of economic growth and prosperity, the GII includes indicators that go beyond the traditional measures of innovation. These indicators include the level of research and development.