Three ASEAN countries among top-50 innovative nations globally

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Just three countries from the Association of Southeast Asian Nations, or ASEAN, made it in the top-50 of this year’s Global Innovation Index, published just recently by New York-based Cornell University, International business school INSEAD and the World Intellectual Property Organisation,

The Global Innovation Index provides detailed metrics about the innovation performance of 127 countries and economies around the world. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication.

Within ASEAN, all but two countries (Laos and Myanmar) have been surveyed. Singapore, Malaysia and Vietnam were ranked 7th, 37th and 47th, respectively, while Thailand came at rank 51st, Brunei 71st, the Philippines 73rd, Indonesia 87th and Cambodia 101st.

Compared to last year’s report, Malaysia moved down two positions to 37th, due mostly to a ten-position drop in the sub-category “institutions” to 53rd, a drop driven by lower rankings in business environment (50th, down by 22) and a 19-position fall in business sophistication to 48th—driven mainly by its rank in knowledge workers, where Malaysia moved from 35th to 93rd this year. Malaysia, however,  is among the middle- income economies that are the closest to the top 25 this year.

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Vietnam, by contrast, gained 12 positions this year, ranking 47th. Vietnam maintains its top place among lower-middle-income economies and enters the world’s top ten in the innovation efficiency ratio category.

Although Singapore is still uncontested as number one among the smaller or emerging Asian economies, countries such as Vietnam, the Philippines and Thailand are rapidly catching up. Vietnam tops education expenditure in the region and does very well in information and communication technology use, gross capital formation, and foreign direct investment net inflows. Malaysia has the best cluster development and information and communication technology use, the Philippines leads information and communication technology services exports, Thailand tops the quality of publications and trademarks, and Cambodia only recently engaged on innovation activities but its foreign direct investment inflows are already high.

 

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Just three countries from the Association of Southeast Asian Nations, or ASEAN, made it in the top-50 of this year's Global Innovation Index, published just recently by New York-based Cornell University, International business school INSEAD and the World Intellectual Property Organisation, The Global Innovation Index provides detailed metrics about the innovation performance of 127 countries and economies around the world. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. Within ASEAN, all but two countries (Laos and Myanmar) have been surveyed. Singapore, Malaysia and Vietnam were ranked 7th, 37th and 47th, respectively,...

Reading Time: 2 minutes

Just three countries from the Association of Southeast Asian Nations, or ASEAN, made it in the top-50 of this year’s Global Innovation Index, published just recently by New York-based Cornell University, International business school INSEAD and the World Intellectual Property Organisation,

The Global Innovation Index provides detailed metrics about the innovation performance of 127 countries and economies around the world. Its 81 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication.

Within ASEAN, all but two countries (Laos and Myanmar) have been surveyed. Singapore, Malaysia and Vietnam were ranked 7th, 37th and 47th, respectively, while Thailand came at rank 51st, Brunei 71st, the Philippines 73rd, Indonesia 87th and Cambodia 101st.

Compared to last year’s report, Malaysia moved down two positions to 37th, due mostly to a ten-position drop in the sub-category “institutions” to 53rd, a drop driven by lower rankings in business environment (50th, down by 22) and a 19-position fall in business sophistication to 48th—driven mainly by its rank in knowledge workers, where Malaysia moved from 35th to 93rd this year. Malaysia, however,  is among the middle- income economies that are the closest to the top 25 this year.

Click to enlarge

Vietnam, by contrast, gained 12 positions this year, ranking 47th. Vietnam maintains its top place among lower-middle-income economies and enters the world’s top ten in the innovation efficiency ratio category.

Although Singapore is still uncontested as number one among the smaller or emerging Asian economies, countries such as Vietnam, the Philippines and Thailand are rapidly catching up. Vietnam tops education expenditure in the region and does very well in information and communication technology use, gross capital formation, and foreign direct investment net inflows. Malaysia has the best cluster development and information and communication technology use, the Philippines leads information and communication technology services exports, Thailand tops the quality of publications and trademarks, and Cambodia only recently engaged on innovation activities but its foreign direct investment inflows are already high.

 

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