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Japan: Nation Falls to 25th in Innovation |
| Source: |
yomiuri.co.jp |
| Source Date: |
Friday, July 06, 2012 |
| Focus: |
Knowledge Management in Government
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| Country: |
Japan |
| Created: |
Jul 10, 2012 |
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GENEVA (Jiji Press)--Japan ranked 25th in the global innovation rankings for 2012, falling from 20th the previous year, the World Intellectual Property Organization and INSEAD has announced.
Of 141 economies surveyed, Switzerland remained at the top spot, followed by Sweden and Singapore.
The rankings, announced Tuesday, are based on such factors as regulatory environment, information communication technologies, human capital and research.
Japan ranked seventh in infrastructure. However, it placed 69th in creative output, outranked by other developed countries including China and South Korea.
In the global innovation efficiency rankings, China captured the top spot, followed by India.
Past accomplishments are necessary to generate innovative power, WIPO said, concerned about government suspensions of measures to assist research and development amid the global economic crisis.
Innovation is unlikely to recover soon, even if governments resume assistance after economic recovery, it warned.
WIPO Director General Francis Gurry said at a news conference that technological innovation is a necessary element for maintaining fiscal discipline, economic growth and employment, calling for a need for continued investment.
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Japan: Nation Falls to 25th in Innovation Japan ranked 25th in the global innovation rankings for 2012 falling from 20th the previous year the World Intellectual Property Organization and INSEAD has announced
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