Switzerland on Tuesday named as the world leader in the field of innovation by a UN agency report.
The report by the World Intellectual Property Index (WIPO) UN and INSEAD business schools to rank 141 countries using 84 indicators.
Switzerland occupies the top spot for the second time, followed by Sweden and Singapore.
Switzerland is considered very good in the field of research and development, creative output and ecological sustainability.
Report author Soumitra Dutta said that although the European countries is "a leader in the field of innovation", the southern European countries continue to suffer the effects of the global economic crisis and structural issues unresolved.
"You can see that the economy is being choked: Spain, Italy and Portugal ... are at a lower level than you expect to see their gross domestic product (GDP)," said Dutta.
Meanwhile, several countries in eastern Europe "perform at a higher level" than expected to see their revenues, Dutta added, referring to the Czech Republic, Hungary, Serbia and Latvia.
Dutta also warned that countries with rapidly growing economies such as Brazil, China, India, Russia, and South Africa, requires investment in innovation to develop their potential.
Developing countries tend to dominate the higher ranks of the report, the Global Innovation Index (GII), due to factors such as good schools and modern infrastructure. But some countries with incomes below the average it can make progress.
Paraguay, one of the low-income country economies, has created a high level of output, said Dutta, along with India and Moldova.
The report by the World Intellectual Property Index (WIPO) UN and INSEAD business schools to rank 141 countries using 84 indicators.
Switzerland occupies the top spot for the second time, followed by Sweden and Singapore.
Switzerland is considered very good in the field of research and development, creative output and ecological sustainability.
Report author Soumitra Dutta said that although the European countries is "a leader in the field of innovation", the southern European countries continue to suffer the effects of the global economic crisis and structural issues unresolved.
"You can see that the economy is being choked: Spain, Italy and Portugal ... are at a lower level than you expect to see their gross domestic product (GDP)," said Dutta.
Meanwhile, several countries in eastern Europe "perform at a higher level" than expected to see their revenues, Dutta added, referring to the Czech Republic, Hungary, Serbia and Latvia.
Dutta also warned that countries with rapidly growing economies such as Brazil, China, India, Russia, and South Africa, requires investment in innovation to develop their potential.
Developing countries tend to dominate the higher ranks of the report, the Global Innovation Index (GII), due to factors such as good schools and modern infrastructure. But some countries with incomes below the average it can make progress.
Paraguay, one of the low-income country economies, has created a high level of output, said Dutta, along with India and Moldova.
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