{"id":170505,"date":"2018-07-11T20:56:49","date_gmt":"2018-07-12T00:56:49","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=170505"},"modified":"2018-07-11T20:56:49","modified_gmt":"2018-07-12T00:56:49","slug":"ph-stays-at-rank-73-in-global-innovation-index","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/07\/11\/ph-stays-at-rank-73-in-global-innovation-index\/","title":{"rendered":"PH stays at rank 73 in Global Innovation Index"},"content":{"rendered":"
\"In<\/a>
In the innovation input sub-index ranking, the Philippines landed at 82nd place. (Pixabay photo)<\/figcaption><\/figure>\n

MANILA<\/strong>\u00a0— The Philippines has maintained its spot in the Global Innovation Index (GII) 2018, ranking 73rd out of 126 economies.<\/p>\n

The GII, which gauges an economy\u2019s innovation performance through innovation input and output sub-indices, is co-published by World Intellectual Property Organization, Cornell University, and INSEAD — a France-based graduate business school.<\/p>\n

In the innovation input sub-index ranking, the Philippines landed at 82nd place.<\/p>\n

The input sub-index measures the country\u2019s strength in economic pillars that drive innovation which include institutions, human capital and research, infrastructure, market sophistication, and business sophistication.<\/p>\n

Among the indicators under the innovation input sub-index, the Philippines ranked highest in percentage of research talent in business enterprise at 63 percent; share of firms offering formal trainings, with 60 percent of companies gives formal trainings to employees; and share of graduates in science and engineering, with 29 percent of the total tertiary education graduates are in this track.<\/p>\n

The country also ranked high in indicators such as gross domestic product (GDP) per unit of energy use, which promotes ecological sustainability; and share of market capitalization to GDP at 84 percent.<\/p>\n

The Philippines\u2019 ranking in innovation output sub-index is higher at rank 68. This measures the country\u2019s innovation activities in knowledge and technology outputs and creative outputs.<\/p>\n

The country\u2019s share of information and communications technology services exports to total trade has buoyed its ranking in output sub-index.<\/p>\n

Earlier, the Intellectual Property Office of the Philippines (IPOPHL) noted that strengthening of intellectual property protection and enforcement contributes to the country\u2019s performance in the GII.<\/p>\n

Indicators related to intellectual property also made up the innovation input and output sub-indices.<\/p>\n

Meanwhile, the Philippines\u2019 ranking in the innovation report this year is stagnant compared to its ASEAN neighbors.<\/p>\n

Singapore further moved up to rank 5 from 7 last year; Malaysia, to 35 from 37; Thailand to 44 from 51; Vietnam, to 45 from 47; Brunei, to 67 from 71; Indonesia, to 85 from 87; and Cambodia, to 98 from 101.<\/p>\n

The GII helps policy and decision makers to craft strategies that will boost the innovation of the country.\u00a0<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u00a0— The Philippines has maintained its spot in the Global Innovation Index (GII) 2018, ranking 73rd out of 126 economies. …<\/p>\n","protected":false},"author":33,"featured_media":151326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[26324,53094,53096,14897,53095],"class_list":["post-170505","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cornell-university","tag-global-innovation-index","tag-insead","tag-intellectual-property-office-of-the-philippines","tag-intellectual-property-organization","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/170505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=170505"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/170505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/151326"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=170505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=170505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=170505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}