Global Innovation Index: Romania climbs 6 places

Romania ranks high and is up compared to last year in a recent innovation index, but it still lags behind its neighbors. The country ranks 42nd out of 128 countries in the Global Innovation Index, a survey of the world’s most innovative countries co-authored by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). Romania is up six places from the 2016 rank of 48 but is still behind other countries in the region. The Czech Republic ranks 24th, Slovenia -32nd, Latvia -33rd, Slovakia -34th, Bulgaria – 36th, Poland -38th, Hungary -39th, Lithuania -40th and Croatia – 41st. Romania is followed by Turkey, ranked 43rd, Greece – 44th, Russia – 45th, Ukraine –  50th and the Republic of Moldova at 54th. The index is put together using metrics such as patent filings, education spending, institutions, the business and political environment, the regulatory framework, the human capital, and infrastructure. This year, a special section looks at “invention hotspots” around the globe that show the highest density of inventors listed in international patent applications. Romania achieved a score of 39.2 on a scale from 0 to 100, and scores of 32 in the Innovation Output Sub-Index, 46.4 in the Innovation Input Sub-Index, and 0.7 in the Innovation Efficiency Ratio. Switzerland, Sweden, the Netherlands, the USA and the UK are the world’s most- innovative countries, in this year’s index. At the same time, India, Kenya, and Vietnam are outperforming their development- level peers. Source: Romania-insider.comTags: ,