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All you Utrechters will be pleased to know that The Netherlands now ranks in second place on the Global Innovation Index
This I feel is a reflection of what we see in the city and we now know that as one of the world’s most innovative countries, the Netherlands outperforms both the US and UK.
Key to this ranking appears to be the strong interlinked infrastructure that is set up in the country.
The Netherlands has risen from its no. 3 spot from the previous year. As one of the world’s most innovative countries, The Netherlands also outperforms Ireland, Germany, and many more.
The Netherlands gets the second best innovation ranking globally for its strong, interlinked business sector that collaborates positively with universities
Each year, the Global Innovation Index surveys some 130 economies using dozens of key performance indicators that provide a high-level look at what innovative activity has occurred. The 81 indicators explore the political environment, education, infrastructure, and business sophistication. The Global Innovation Index is co-authored by the World Intellectual Property Organisation, Cornell University and the French graduate business school INSEAD.
World Intellectual Property Organisation Director General Francis Gurry tells us that:
“Innovation is the engine of economic growth in an increasingly knowledge-based global economy, but more investment is needed to help boost human creativity and economic output. Innovation can help transform the current economic upswing into longer-term growth.”
The Netherlands is one of 15 European countries among the top 25 global economies on the Global Innovation Index.
A press release from the World Intellectual Property Organisation notes that:
“Europe is particularly strong in human capital and research, infrastructure, business sophistication.”
In addition to ranking No. 2 overall on the Global Innovation Index, the Netherlands ranks first in the following categories: business sophistication, knowledge absorption, intellectual property payments, ICT services imports, and FDI net outflows.
Added to these, the Netherlands also has strengths in human capital and research, infrastructure, market sophistication, and knowledge, technology and creative outputs, indicated by the Global Innovation Index.
The Netherlands leads other indexes such as the European Innovation Scoreboard and has innovation hubs across the country.
The only thing about this, is what difference does it make to you and I? How can this make our life better? Does this high ranking improve our quality of life or does it just mean that more business will come to the Netherlands? Will these businesses be innovative and Green or will they add to the problems we already face with global warming and climate change? Will Utrecht and other Dutch cities become more crowded or will these businesses bring in AI that will reduce opportunities to work? What is the point of a Global Innovation Index?
Now that’s a story in itself!