SINGAPORE – For the seventh consecutive year, Singapore has retained the most sensible place as Asia-Pacific’s leading country in the latest global innovation rate.
The rating is in 80 indicators, adding the creation of cellular programs and the ease of starting a business.
Singapore has behaved well in historically strong signs of entry, such as political and operational stability, government effectiveness and higher education, ranking first globally for all.
Singapore has also made progress in its intellectual property product indicators, which measure the ease of filing and patent protection.
Rena Lee, executive director of the Intellectual Property Office of Singapore (Ipos), said Thursday (September 3): “The virtual efforts of Ipos, a component of the national virtual transformation roadmap, have accelerated through Covid-19 and continue to strengthen our position as a hub for innovation.
In addition to being completely virtual for all of its intellectual property applications since 2014, Ipos has advanced its cellular application for trademark programs and has conducted, among other things, fully virtual INTELLECTUAL property litigation hearings.
“Ipos is continually innovating to give companies an ad that deserves the time-time pandemic,” he said.
It is interesting to note that the city-state has also made significant progress in the indicator that measures the proportion of women hired with postgraduate degrees, of the total number of employees, who emerge through 35 positions to take the top spot in the world. According to the report, this indicator, in addition to offering a review of the gender distribution of nations, “provides more data on the degree of sophistication of local human capital used lately”.
But the country has misbehaved in production signals as domestic feature films (No. 61) and exports of data generation facilities (No. 50).
Dr Bruno Lanvin, Executive Director of Global Indexes at Insead and co-editor of the index, told the Straits Times: “A country that plays more with inputs than products is a country that does not receive the praise that deserves its efforts.
Despite the imbalance between access and exit performance, which has persisted for some years, the city-state has maintained “great stability”.
He said Singapore deserves to continue testing its functionality to create wisdom and intangible assets.
Singapore also performed poorly in the education spending indicator as a percentage of gross domestic product. While Dr. Lanvin said this is a vital indicator for many countries, as he drew the “political will of governments to make education a priority,” it does not apply to the Republic.
He said: “In the case of Singapore, as in the case of Switzerland, this is a little misleading, because a well-managed education formula would possibly not require a higher point of public spending. “
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