Understanding Innovation to Drive Sustainable Development

TL;DR

This paper analyzes global innovation factors using survey data and country metrics to identify actionable levers for policymakers aiming to enhance sustainable development.

Contribution

It introduces a comprehensive analysis of innovation drivers across different countries and development stages using WEF survey data and country indicators.

Findings

Identification of key innovation levers for different countries

Correlation between innovation scores and development stages

Policy recommendations for enhancing innovation capacity

Abstract

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.