Astana, Kazakhstan, July 21
By Daniyar Mukhtarov - Trend:
International business school INSEAD (France) together with Cornell University and the World Intellectual Property Organization announced the results of the Global Innovation Index (GII) on July 18.
The 2014 research covers 143 countries which produce a total of 98.3 percent of the world GDP. Switzerland, UK and Sweden lead the ranking.
Kazakhstan climbed up in the rating by five points and ranked 79th as a result of the 2014 research. Kazakhstan took the second place being between India (76) and Butan (86) among Central and South Asian countries.
Despite the stable position of Kazakhstan in the GII, the development of the national maintenance system and the use of innovations of Kazakhstan are in their formative stage, therefore the country lags behind the leading countries, according to Economic Research Institute JSC.
The effectiveness of innovative activities depends on the general economic situation in the country and the state's scientific and technical strategy, full resource provision, market conditions, the availability of professional staff and effective management.
The fundamental factors of economic development include human capital, competitive business, infrastructural base and an effective institutional environment that will help to achieve practical results in the sphere of innovations and technology.
The core of the GII Report consists of a ranking of world economies' innovation capabilities and results. Over the last seven years, the GII has established itself as a leading reference on innovation. Understanding in more detail the human aspects behind innovation is essential for the design of policies that help promote economic development and richer innovation-prone environments locally. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development.