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Luxembourg: 9th most innovative country

Published Tuesday September 22 2015

This puts the Grand Duchy in the top rank alongside the most innovative places, close behind the top three Switzerland (68.3), the UK and Sweden (both 62.4). Innovation is a determining factor for sustained economic growth, so measures such as these are needed to evaluate national capacity and public policy. This is the 8th annual GII, which is developed and calculated by Cornell University, the business school INSEAD and the World Intellectual Property Organisation. The index goes beyond traditional indicators for research, development and innovation (such as spending and scientific publications) by focusing on how businesses, the public sector, higher education and society work together. A total of 79 indicators are measured in each of the 141 countries studied. These are synthesised and grouped into two sub-indices related to the national innovation system:

Outputs: Luxembourg ranked 2nd globally (1st in the EU) including the categories creativity (2nd in the world) and technology (13th). This puts it ahead of the Netherlands (3rd), Germany (8th), France (23rd), and Belgium (28th).

Inputs: Luxembourg ranked 20th globally (and 10th in the EU) including sophistication of the business environment (2nd in the world), institutions (18th), infrastructure (25th), market sophistication (31st), HR & research (34th). Thus Luxembourg is similar overall to France (17th), Germany (18th) and Belgium (21st).

The report’s editorial commented: "Luxembourg maintains its 9th place position while improving its innovation output ranking to 2nd place (from 5th in 2014) and its innovation efficiency ranking to 3rd place (from 9th in 2014). It greatly improved in the market sophistication pillar by 28 places, mainly because of improvements made in the investment & trade and competition sub-pillars. Identified strengths include ICT access, environmental performance, and employment in knowledge intensive services, joint venture deals, and cultural and creative services exports."

                                             

 

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