Zahid Hossain Biplob: According to a recent report of Global Innovation Index (GII) for the year 2019, Bangladesh has made no progress in the ranking of Global Innovation Index in the year 2019. The neighbouring countries witnessed an improvement of the index except Bangladesh.
Like the previous report, Bangladesh was ranked the world’s 116th innovative country. This year, Bangladesh ranked 129 world economies on 80 parameters including research, technology and creativity.
The report’s authors, however, warned of signs of waning public support for research and development in high-income economies usually responsible for pushing the innovation envelope, and increased protectionism.
‘In particular, protectionism that impacts technology-intensive sectors and knowledge flows poses risks to global innovation networks and innovation diffusion,’ the report said.
‘If left uncontained, these new obstacles to international trade, investment, and workforce mobility will lead to a slowdown of growth in innovation productivity and diffusion across the globe.’ Meanwhile, Switzerland is the world’s most innovative country for the second consecutive year while India made the biggest strides among major economies.
In institutions sub-category, Bangladesh notched down to 124 with a score of 45.5 against its position of 123 with a score of 43.4 in the previous report.
In human capital and research, Bangladesh scored 8.8, taking its position to 127 from its 124th position with 9.1 marks in GII-18.
In infrastructure, the country, however, gained 10 notches to 86th position with a score of 40 from 96th position in GII-18 when its score was 35.5.
In terms of market sophistication, Bangladesh stepped down 12 notches to 96th position from 84th position.
In business sophistication, GII ranked Bangladesh 120th against the country’s 119th position in the previous report.
Based on knowledge and technology outputs, the country’s rank improved to 91st position from 94th position, while creative output position deteriorated to 115th from 112nd a year ago.
The report’s authors said globally spending on innovation was still growing and appeared resilient despite the slowdown.
But, Bangladesh experts have said that country still lack adequate fund for research and innovation as there is no budgetary allocation for such works.
This year, the government in the budget allocated only Tk 50 crore for scientific research while universities, which get budget through the education ministry, only allocate around 1-4 per cent of their annual budget for research work, said officials at the ICT ministry.
They said developed countries spent billions of dollars for research and innovation while India was also increasing spending for such works in recent years.
Neighbouring India and Pakistan have managed to improve their rank in the index, showed the GII-2019.
India, where the announcement was made, was ranked 52nd but leaped up by four notches in the ranking.
Even Sri Lanka is well ahead of Bangladesh with its ranking of 89th in 2019, improving from 95th in 2018.
As per the GII-2019, Pakistan was ranked 105th in 2019 against its 109th position a year ago.
The report came as the International Monetary Fund downgraded global growth and warned of a ‘precarious’ 2020 amid trade tensions, continued uncertainty and rising prospects for a no-deal Brexit.
The GII 2019 special theme analyzes the medical innovation landscape of the next decade, looking at how technological and non-technological medical innovation will transform the delivery of healthcare worldwide.
The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions. It is based on both subjective and objective data derived from several sources including the International Telecommunication Union, the World Bank and the World Economic Forum.The index was started in 2007 by INSEAD and World Business,a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.
The GII is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, which are composed of five and two pillars respectively. Each of these pillars describes an attribute of innovation, and comprise up to five indicators, and their score is calculated by the weighted average method.
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