NZ slips one place on global innovation index

Bruno Lanvin, Executive Director for Global Indices at INSEAD, and co-author of the report

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

New Zealand's global innovation ranking has slipped from 17th to 18th, while Australia has jumped three places to 17th in rankings calculated for the 2014 Global Innovation Index, compiled by Cornell University.

While New Zealand scores highly in areas such as political stability (3rd), investor protection (1st), effective government (9th) and regulatory quality (4th), the overall ranking is pulled down by such low placings as 64th in economic output per person employed, 63rd in high and medium high-tech exports, and 64th in the number of science and engineering graduates, despite a reasonably high ranking of 16th for reading, maths and science proficiency.

New Zealand is ranked fifth among six "innovation leaders" in the Asia-Pacific region, which was led in 2014 by Hong Kong, which pushed the previous top-ranked innovation nation in the region, Singapore, into second place.

Topping the index was Switzerland, with the UK in second place, followed by Sweden, Finland, the Netherlands and the US. Small innovative economies which New Zealand likes to compare itself with, such as Israel and Denmark, scored 15th and eighth respectively.

(BusinessDesk)


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7521 -0.0023 -0.30%
AUD 0.9666 -0.0022 -0.23%
EUR 0.6722 -0.0037 -0.55%
GBP 0.4895 -0.0002 -0.04%
HKD 5.8335 -0.0163 -0.28%
JPY 90.3240 -0.0890 -0.10%

Commods

Commodity Price Change Time
Gold Index 1212.6 3.670 2015-02-27T00:
Oil Brent 62.6 1.590 2015-02-27T00:
Oil Nymex 49.8 1.310 2015-02-27T00:
Silver Index 16.5 -0.022 2015-02-27T00:

Indices

Symbol Open High Last %
NZX 50 5878.5 5896.5 5878.5 0.24%
NASDAQ 4973.4 5000.3 4963.5 0.69%
DAX 11408.3 11455.1 11401.7 -0.06%
DJI 18213.3 18213.3 18214.4 -0.45%
FTSE 6946.7 6974.3 6946.7 -0.16%
HKSE 24996.8 24997.8 24823.3 0.26%
NI225 18869.4 18939.2 18797.9 0.15%