PH down by 4 rungs in global innovation index

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The ranking is conducted annually by the World Intellectual Property Organization and top business school INSEAD. The report covered 141 economies (16 more than in 2011), accounting for 94.9 percent of the world?s population and 99.4 percent of the world?s Gross Domestic Product. The Global Innovation Index 2012 (GII) relied on two sub-indices, the Innovation Input Sub-Index and the Innovation Output Sub-Index, each built around pillars. Five input pillars captured elements of the national economy that enable innovative activities: (1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication. Two output pillars capture actual evidence of innovation outputs: (6) Knowledge and technology outputs and (7) Creative outputs. ]]>

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