The global innovation divide

According to the recently published Global Innovation Index 2018, the gap between low-income economies and middle-income economies has reduced in the past year. Despite public R&D spending around the world still being lower than it was before the global financial crisis, this gives us a reason to be optimistic about the future. A growth in knowledge and technology outputs – including patents and utility models – has been a key contributor as well as improvements in infrastructure, market sophistication and creative outputs. More…