Jordan advanced in the Global Innovation Index by 5 points out of 131 countries included in the report, as Jordan made progress on the GII output axis from 86th in 2019 to 81st this year.
According to the report issued by the World Intellectual Property Organization under the title (Regional Innovation Pioneers), Jordan is one of the economies whose rank has greatly improved this year, supported by the progress of 4 axes, which are the institutions axis, market development, business environment development and knowledge outputs out of the 7 main axes that form the global innovation index as a result of performance improvements and model changes.
Jordan's performance has improved in the variables related to the quality of its credit market, especially in terms of easy access to loans and domestic credit to the private sector and investment capital deals.
This success comes within the context of the work of the committee formed under the chairmanship of the Ministry of Industry, Trade and Supply in (10/2019) and representatives from the Ministries of Education, Higher Education, Digital Economy, the National Center for Creativity and the Center for Innovation Index) where the results of 2019 were studied and analyzed and ways to improve the ranking of Jordan. Meetings were held with the chief economist of the World Intellectual Property Organization, which resulted in a marked improvement in Jordan’s ranking for this year.
The Global Innovation Index 2020, which will be issued in its thirteenth edition this year, is a report jointly published by Cornell University, the European Institute of Business Administration (INSEAD) and the World Intellectual Property Organization (WIPO, which is one of the United Nations specialized agencies).
Source (Ad-Dostor Newspaper- Jordan, Edited)
