Switzerland, Sweden, and Singapore top in overall innovation performance, according to the Global Innovation Index 2012 (GII).

The index, part of a report published by INSEAD, a business school, and the World Intellectual Property Organisation (WIPO), a United Nations agency, ranks 141 countries on the basis of their innovation capabilities.

It points to the emergence of new successful innovators, as seen by a range of countries across continents in the top 20 GII rankings, as well as the good performances of emerging countries such as Latvia, Malaysia and China, among others. “The GII is a timely reminder that policies to promote innovation are critical to the debate on spurring sustainable economic growth. The downward pressure on investment in innovation exerted by the current crisis must be resisted. Otherwise, we risk durable damage to countries’ productive capacities,” said Mr Francis Gurry, WIPO Director-General, in a release issued here on Wednesday.

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