The United Arab Emirates topped the Arab countries in the Global Competitiveness Report for 2021, according to a recent report by the World Intellectual Property Organization.
The 2021 edition of the Global Innovation Index (GII) provides the latest global rankings for innovation in 132 economies based on 81 different indicators.
In addition, this edition of the ranking tracks the latest global innovation trends in the new global innovation tracker, and also focuses on the impact of the COVID-19 pandemic on innovation.
The comprehensive formula that GII uses to measure the innovation capacity of the economy and its outputs provides clarity to decision makers in government, commercial establishments, and others, as they aspire to develop policies that enable their people to innovate and innovate more efficiently.
The UAE ranks first among all Arab countries, and 33rd out of 132 economies presented in the Global Innovation Index 2021, a remarkable improvement for the third year in a row.
GII ranks the world’s economies according to their innovation capabilities. It consists of approximately 81 indicators, grouped into innovation inputs and outputs, and aims to capture the multidimensional aspects of innovation.
Over the past two decades, the United Arab Emirates has turned into an Arab capital for innovation and artificial intelligence, by providing the infrastructure for various entrepreneurs in their various business sectors.
The performance of the UAE in innovation inputs was better than its ranking in previous years, as it ranked 23rd in terms of innovation inputs.
The UAE achieves higher performance than the average of the high-income group in four pillars: human capital and research; Infrastructure; Market development and business development.
Global innovation tracker
The undex added a global innovation tracker item that outlines key innovation trends. It uses a set of indicators defined in the three stages of the innovation journey.
The three phases are: investments in science and innovation, technological progress, and socioeconomic impact.
Since its inception in 2007, the GII has shaped the innovation measurement agenda and has become a pillar of economic policymaking, with an increasing number of governments analyzing their annual GII results and designing policy responses to improve their performance.