Africa edges up in Global Innovation Index 2017
The Global Innovation Index 2017 has revealed the world's most innovative countries. While the top 10 is comprised of the same top performers as 2016, high innovation performance among Sub-Saharan African countries, relative to development.
Fri, 16 Jun 2017 13:57:04 GMT
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AI Generated Summary
- Sub-Saharan Africa showcases high innovation performance relative to development levels, highlighting efficiency and resourcefulness in innovation.
- Investment in infrastructure, human capital, and market sophistication is crucial for fostering innovation and economic growth.
- Correlation exists between GDP per capita and innovation capacity, emphasizing the impact of wealth and resources on innovation performance.
The Global Innovation Index 2017 has just been released, revealing the most innovative countries in the world. While the top 10 list remains consistent with the previous year, a notable trend has emerged showcasing the high innovation performance of several Sub-Saharan African countries relative to their level of development. This trend highlights the significant progress and potential that exists within the African continent. We had the privilege of speaking with Francis Gurry, Director General of the World Intellectual Property Organization, to delve deeper into the nuances of innovation measurement and the factors influencing the innovation landscape. Gurry emphasized the critical importance of innovation in driving economic growth, competitiveness, and the overall advancement of societies. Innovation, he explained, is not merely about the introduction of new products or services, but a complex process that requires substantial investments and resources. The conversation then shifted towards the specific variables and metrics used to evaluate innovation, particularly focusing on market sophistication and institution factors. Gurry highlighted the significance of having a conducive business environment, sufficient human capital, and robust infrastructure to support innovative endeavors. He pointed out that while GDP and investment levels play a crucial role in fostering innovation, efficiency in utilizing available resources ultimately determines success. Sub-Saharan Africa, despite facing infrastructural challenges and limited resources, has demonstrated remarkable efficiency in innovation, as evidenced by the presence of several 'innovation achievers' on the global stage. Countries like Kenya, Mozambique, Malawi, Rwanda, Uganda, and Senegal have consistently showcased their innovation capabilities despite resource constraints. The conversation further delved into the balance between investment in communication infrastructure and hard infrastructure such as roads and railways. Gurry acknowledged the importance of both forms of infrastructure in driving innovation and economic development, emphasizing the need for a strategic approach to prioritizing investments. He cited examples of innovation in agriculture, where technological advancements, such as aerial photography and drone usage, are revolutionizing traditional practices and enhancing productivity. Gurry also addressed the correlation between GDP per capita and innovation performance, noting the significant impact of wealth and resources on a country's innovation capacity. While wealthier nations may have a competitive advantage, he underscored the resilience and efficiency displayed by innovation achievers in Africa, who continue to excel despite economic challenges. As the interview concluded, Gurry reiterated the transformative power of innovation in driving progress and prosperity, commending the efforts of African countries in harnessing their innovation potential. The Global Innovation Index serves as a testament to the growing influence of Africa in the global innovation landscape, highlighting the continent's emergence as a hub for creativity and ingenuity. The latest rankings underscore the need for continued investment in education, infrastructure, and research to sustain and enhance Africa's innovation momentum. With a focus on efficiency, collaboration, and strategic investments, Sub-Saharan Africa is poised to unlock its full innovation potential and shape the future of global innovation.