Karachi: Pakistan scores 24.4 pints in Global Innovation Index-GII and ranked 99th among 132 economies in the world.
This Global Innovation ranking depends upon 80 different indicators clubbed under seven pillars. Research and Human capital is one these pillars and Pakistan’s ranking in this regard is 117. Ability to utilize the new features and technologies also means innovation capability. This includes ability of countries to ease innovative activities, and out put of these activities.
Sustainable economic growth of countries depend upon innovation. Because it helps countries to attain high level of performance and and prosperity of their citizens.
USA, Sweden and Switzerland ranked among top three countries. In South-Asia neighboring countries, Indian is ranked at 46, Iran is ranked at 60 and Vietnam has highest ranking 44 in the region. India ranks second amongst the lower middle-income group of economies and first in Central and South Asia.
Although, study shows strong relation between innovation and economic development of country. But India and Vietnam has proved that this relationship is not necessary always true. Because India’s innovation performance is above average for the upper middle-income group.
Pakistan has not made any significant improvement in R&D, Education, solid infrastructure and institution-supporting innovative activities. As business environment has improved in Pakistan but regulatory frame work is not delightful because Government shows highly ineffectiveness in this regard.
Key steps that will improve innovation:
- The Govt. should work towards increasing public-private partnerships for infrastructure development.
- Better communication system, transport system, railway roads and clean energy supply can do super hi-tech developments in private sector.
- Universities and research institutes need industry-university collaborations in research and development.
- A sound and efficient financial system can channel monetary resources to would-be innovators.
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