GLOBAL INNOVATION INDEX (GII)

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PLUTUS IAS
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Global Innovation Index (GII)

• GS3 Economy

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1. Overview

• Annual publication assessing global innovation
  performance.
• Published by WIPO in partnership with
  institutions like Cornell University and INSEAD.

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2. Methodology

• Comprises two sub-indices Innovation Input Index
  and Innovation Output Index.
• Each sub-index includes multiple pillars and
  indicators.
• Weighted average scoring for nuanced evaluation.

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3. Key Global Highlights

• Switzerland leads the GII in 2023.
• Top science and technology clusters include
  Tokyo-Yokohama and Shenzhen-Hong Kong-Guangzhou.
• China surpasses the US in the number of clusters.

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4. India's Performance

• India climbs to 40th place in 2023 from 81st in
  2015.
• Leads among lower-middle-income countries and in
  Central/South America.
• Strong performance in ICT services exports,
  venture capital investments, graduates in science
  and engineering, and corporate RD investors.
• Four science and technology clusters in the top
  100.
• Focus on infrastructure, business sophistication,
  and institutions for improvement.

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What is WIPO?

• WIPO (World Intellectual Property Organization)
  serves as the worldwide platform for Intellectual
  Property (IP) services, policy development,
  information dissemination, and international
  cooperation.
• Self-Funding UN Agency WIPO operates as a
  self-funding agency within the United Nations
  system and counts 193 member states among its
  constituents.
• Objective The primary objective of WIPO is to
  lead and facilitate the development of an
  equitable and effective international IP system
  that fosters innovation and encourages
  creativity, ultimately benefiting all
  stakeholders.
• Mandate and Governance WIPO's mandate, as well
  as its governing bodies and procedures, are
  outlined in the WIPO Convention, which officially
  established WIPO in 1967.
• Headquarter Geneva

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• The article explains the insights of the Global
  Innovation Index, which aims to rank the
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  technology, financial conditions, areas of
  improvement, and many more. Rishabh has written
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