The World Economic Forum has published its Global Competitiveness Index ranking Germany number one in pillar 12 (Innovation Capability)

1. Pillar 12: Innovation Capability
published by Klaus Schwab, World Economic Forum (WEF) on October 16, 2018
The Global
Competitiveness
Report 2018

2. 2WEF Innovation Capability.pptx
WEF global competitiveness report 2018 – Innovation Capability
German Innovation Capability rated number one worldwide by the
World Economic Forum
Assessment of Innovation capability (pillar
12) calculated as average of the scores of
ten individual indicators:
• Diversity of workforce
• State of cluster development
• International co-inventions
• Multistakeholder collaboration
• Scientific publications
• Patent applications
• R&D expenditures
• Research institutions prominence index
• Buyer sophistication
• Trademark applications

3. 3WEF Innovation Capability.pptx
WEF global competitiveness report 2018 – Ecosystem and Entrepreneurship
Germany is still behind the United States on entrepreneurial culture
but catching up on attitude toward entrepreneurial failure

4. 4WEF Innovation Capability.pptx
WEF global competitiveness report 2018 – Innovation Openness
Openness is a critical factor for innovativeness – distinguishing
advanced economies from emerging markets
Country groupings are based on IMF
classification.
Openness is defined by the average of six
indicators:
• Non-tariff measures
• Tariffs
• Service trade restrictiveness index
• Ease of hiring foreign labour
• International co-inventions
• Customs clearance