By Neena Bhandari

Sydney, 07.09.2020 (SciDev.Net): The innovation landscape is moving towards Asia from the high-income economies of North America and Europe while funding for innovation is drying up globally, according to the Global Innovation Index 2020 (GII).

While the annual rankings, co-published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO), a specialised agency of the UN, continue to be dominated by developed countries led by Switzerland and followed by Sweden, the US, UK and the Netherlands, innovation is becoming more prominent and important in Asia.

There are 131 economies included in the 2020 GII with nine Asian countries in the top 50, up from seven last year. Included this year are Singapore (8^th), the Republic of Korea (10^th), China (14^th), Japan (16^th), Malaysia (33^rd), Vietnam (42^nd), Thailand (44^th), India (48^th) and the Philippines (50^th).

Continue reading on SciDev.Net

© Copyright Neena Bhandari. All rights reserved. Republication, copying or using information from neenabhandari.com content is expressly prohibited without the permission of the writer and the media outlet syndicating or publishing the article.