NZ slips one place on global innovation index

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

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)


Got a question about this story? Leave it in Comments & Questions below.

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

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7174 -0.0006 -0.08%
AUD 0.9343 -0.0020 -0.21%
EUR 0.6757 0.0001 0.01%
GBP 0.5777 0.0002 0.03%
HKD 5.5671 -0.0050 -0.09%
JPY 81.1440 0.0680 0.08%

Commods

Commodity Price Change Time
Gold Index 1234.8 -4.300 2017-02-17T00:
Oil Brent 56.1 0.140 2017-02-17T00:
Oil Nymex 53.8 0.020 2017-02-17T00:
Silver Index 18.0 -0.040 2017-02-17T00:

Indices

Symbol Open High Last %
NZX 50 7093.5 7108.8 7093.5 0.08%
NASDAQ 5807.3 5838.6 5814.9 0.41%
DAX 11831.7 11839.9 11757.0 0.66%
DJI 20564.1 20624.0 20619.8 0.02%
FTSE 7300.0 7329.6 7300.0 0.09%
HKSE 24066.0 24202.3 24033.7 0.47%
NI225 19161.3 19274.8 19234.6 0.09%
ASX 5805.8 5810.1 5805.8 -0.18%