The Global Innovation Index (GII) for 2022, published by the World Intellectual Property Organization, was presented recently in Geneva.
Every year, GII is devoted to the analysis of some of the globally important topics and issues, and this year’s edition, the fifteenth in a row, placed a special emphasis on the effect of innovation in the productivity and well-being of the entire society. This year’s GII brought us one interesting fact, namely that global productivity growth fueled by increased innovation is stagnating. Current technological advances are showing signs of slowing growth despite increased research & development spending.
The Director General of the World Intellectual Property Organization, Mr. Daren Tang, emphasized at the GII 2022 launch that innovation is currently at a crossroads. Namely, while investments in innovations grew tremendously in 2020 and 2021, in the current year they are largely stagnant and depend to a large extent on global uncertainties, but also on the increasingly weak performance, i.e. low productivity stimulated by innovations.
A total of 132 countries are ranked in the GII for 2022. As for our region, Slovenia is ranked in 33rd place, Croatia in 42nd place, Serbia in 55th place, Montenegro in 60th place, North Macedonia in 66th place, Bosnia and Herzegovina in 70th place, while Albania is on the 84th place.
The entire 15th edition of the Global Innovation Index (GII) for 2022 is available at the link.