This week, an in-depth report on global innovation was co-released by Cornell University, INSEAD, and the World Intellectual Property Organization. The 2015 version of the report is not for the faint of heart: it clocks in at 453 pages long and covers a total of 141 countries that make up 98.6% of global GDP.
The methodology of the report uses innovation inputs and outputs to create an overall Global Innovation Index with a score for each country. Inputs include factors such as institutions, human capital, infrastructure, market sophistication, and business sophistication. Outputs deal with actual innovation results such as knowledge, technology, and creative outputs.
Lastly, there is also a curious measure which divides outputs by inputs to find an “efficiency” factor: in other words, which countries are getting the most bang for their buck in terms of innovation.
