Lebanon Ranks 9th Among Arab Countries in Terms of Innovation
INSEAD's Global Innovation Index (GII) for 2012 ranked Lebanon in 61st place among 141 countries around the world and in ninth place among 15 Arab countries.Lebanon also came in 18th place among 40 upper-middle income countries (UMICs) included in the survey, as reported by Byblos Bank weekly newsletter. Lebanon ranked in 49th place globally among 125 countries in 2011, in fifth place among 15 Arab countries and in seventh place among 30 UMICs. The index measures innovation in a broad sense to include social and business innovations, as well as scientific innovation.
It rates the innovation level of each country on a scale from zero to 100, with a score of 100 reflecting the most innovative economy. The index is a composite of 84 variables that are grouped in two sub-indices that are the Innovation Input Sub-Index and the Innovation Output Sub-Index. It covers an economy's institutions, human capital & research, infrastructure, market and business sophistication; as well as its knowledge & technology, and creative outputs. The countries included in the index represent 95% of the world's population and 99.4% of the world's GDP.
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STRATEGIES & PLANS
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