Switzerland Current Affairs - 2019

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Bloomberg Innovation Index 2019: Key Facts

The Bloomberg Innovation Index analyses each country in a range of areas including education, research and development, and manufacturing before coming up with a list of the 60 most innovative countries.

The countries are ranked on the basis of their overall ability to innovate considering seven-equal weighted metrics such as research & development intensity, manufacturing value-added, productivity, high-tech density, tertiary efficiency, researcher concentration, patent activity.

How the Countries are ranked?

The ranking of the various countries under the index are:

  • The index is topped by South Korea for the sixth time in a row with a total score of 87.38.
  • South Korea is closely followed by Germany, Finland, Switzerland, Israel, Singapore, Sweden, U.S., Japan and France in the top 10.
  • The United States has surged back into top 10 this year after it was left behind from the top 10 in 2018 Bloomberg Innovation index.
  • China has jumped three places to 16th rank largely due to the surge in patent activity.
  • India stands at 54th spot in the Bloomberg Innovation Index with a score of 47.93 out of 100.

India’s ranking under different matrices

India stood at 47th place in research & development intensity, 54th place in manufacturing value-added, 58th place in productivity, 29th place in high-tech density, 51st in tertiary efficiency, 59th in researcher concentration and 36th in patent activity.

Bloomberg Innovation Index published top 60 economies out of 95 economies analysed for the ranking process for the year 2019 based on a score from 0-100 on the basis of seven equal-weighted metrics.

 

Month: Categories: InternationalReports & IndicesUPSC

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Global Talent Competitive Index: Key Facts

The Global Talent Competitive Index prepared by the INSEAD business school in partnership with Tata Communications and Adecco Group was released on the first day of the World Economic Forum (WEF) Annual Meeting 2019.

The Global Talent Competitive Index measures how countries and cities grow, attract and retain talent, ranking 125 countries and 114 cities across all groups of income and levels of development.

Where does India stand?

The findings of the 2019 Global Talent Index for India are:

  • Even though India has moved up one position to rank 80th on the global talent competitive index, India remains a laggard among the BRICS nations.
  • India’s performance was better than its lower-income peers when it comes to growing talent (48th) and access to growth opportunities (41st).
  • In spite of the scope for improvement across the board, India’s biggest challenge is to improve its ability to attract (95th) and retain (96th) talent.
  • India needs to address its poor level of Internal Openness (116th) in particular with respect to weak gender equality and low tolerance towards minorities and immigrants and its disappointing showing in lifestyle (112th) indicators.

Global Findings

The global findings of the Index are:

  • Switzerland is followed by Singapore, the US, Norway and Denmark in the top five on the list.
  • The talent gap between higher and lower-income countries has widened over the last five years.
  • Countries in Asia, Latin America and Africa are seeing a progressive erosion of their talent base.
  • China’s ranking fell by two places to 45. Even then China is the best performer among BRICS countries.
  • The report cities rather than countries are developing stronger roles as talent hubs and will be crucial in reshaping the global talent scene.
  • The top-ranked city in the index is Washington DC, followed by Copenhagen, Oslo, Vienna and Zurich.

The study found that entrepreneurial talent has become a key differentiator in relative talent competitiveness.

Month: Categories: InternationalReports & IndicesUPSC

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