Understanding Innovation to Drive Sustainable Development
This work addresses the problem of understanding innovation drivers for country leaders and organizations, but it appears incremental as it applies existing methods to new data without novel methodological contributions.
The paper tackled the problem of identifying factors that drive innovation across countries by analyzing the World Economic Forum's Global Competitiveness Index and other metrics, resulting in actionable levers to help shape policies for development and innovation capacity.
Innovation is among the key factors driving a country's economic and social growth. But what are the factors that make a country innovative? How do they differ across different parts of the world and different stages of development? In this work done in collaboration with the World Economic Forum (WEF), we analyze the scores obtained through executive opinion surveys that constitute the WEF's Global Competitiveness Index in conjunction with other country-level metrics and indicators to identify actionable levers of innovation. The findings can help country leaders and organizations shape the policies to drive developmental activities and increase the capacity of innovation.