What does GII mean in UNCLASSIFIED
The Global Innovation Index (GII) is an important tool for gauging a country's innovation performance and its capacity to foster innovation. It was first developed in 2007 by two business schools, INSEAD and the World Intellectual Property Organization (WIPO). The GII provides actionable insights for policy makers, corporations and other stakeholders to help them make better-informed decisions about how to improve their innovation productivity.
GII meaning in Unclassified in Miscellaneous
GII mostly used in an acronym Unclassified in Category Miscellaneous that means Global Innovation Index
Shorthand: GII,
Full Form: Global Innovation Index
For more information of "Global Innovation Index", see the section below.
Essential Questions and Answers on Global Innovation Index in "MISCELLANEOUS»UNFILED"
What is the Global Innovation Index (GII)?
The Global Innovation Index (GII) is an important tool for gauging a country's innovation performance and its capacity to foster innovation. It was first developed in 2007 by two business schools, INSEAD and the World Intellectual Property Organization (WIPO).
Who developed the GII?
The GII was first developed in 2007 by two business schools, INSEAD and the World Intellectual Property Organization (WIPO).
What are some of the key components that make up the GII?
The GII measures each country's performance on 79 indicators across various categories including infrastructure, knowledge creation, human capital, market sophistication, business sophistication, creative outputs, knowledge & technology outputs and institutions.
How does the GII help policy makers?
The GII provides actionable insights for policy makers to help them make better-informed decisions about how to improve their innovation productivity.
Are there any limitations with using the GII?
While useful for benchmarking on an international level, some argue that due to its focus on quantitative data alone it does not provide an accurate representation of all aspects of technological progress or development potential within a given nation. Additionally, the results can be overly influenced by certain factors such as expenditure levels which may not accurately indicate levels of innovation within a country.
Final Words:
In conclusion, while there are some limitations associated with using the Global Innovation Index (GII) as a measure of a country's true innovative potential or capabilities, it remains an invaluable tool for governments and businesses seeking actionable insights into this area.
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