FEATURE
INGENIEUR
FEATURE
INGENIEUR
Malaysian Innovation and The Global Innovation Index 2016
By Chong Sam Moi
The Global Innovation Index 2016
Winning with Global Innovation
Under the current global economic slowdown and competitive market for goods and services , developed and developing countries are clamouring for innovation as the driving force for economic growth to gain a competitive edge over others .
A speaker at the BOAO Asian Forum 2016 defined innovation as methods that can change the traditional way of doing things and provide products or services that did not exist in the past . It does not refer to technological innovation only . Another speaker warned that society should study the influence of innovations as some innovations widen the social gap , particularly between the rich and the poor . He concluded that innovation is the core of a nation ’ s progress as well as the inexhaustible driving force for a country ’ s development and prosperity . With the rapid advancement of public innovation and entrepreneurship , innovation is attracting more extensive attention than in the past .
On comparative terms with other countries , Malaysia performed well as she was ranked 35 th among 128 countries under the Global Innovation Index ( GII ) 2016 . This represented second place among the Upper Middle Income group after China . ( Table 1 )
About The Global Innovation Index
Innovation is now a critical factor in the growth of dynamic clusters of nations that support policies that empower people beyond national boundaries , and with the ability to solve problems at all levels — individual , societal , regional , and global . This growing trend of increasing global connectivity necessitates a standardised way of measuring and analysing innovation data through key indicators .
44 VOL 68 OCTOBER - DECEMBER 2016