AMMAN —
Jordan Strategy Forum published a report
titled “Global Innovation Index 2021: Where Does Jordan Stand?” on the occasion
of the International Day of Creativity and Innovation observed by the UN every
April 21.
اضافة اعلان
Last year, Jordan ranked 81 st globally and ninth
regionally on the 2021 edition of the Global Innovation Index (GII); according
to the forum, it performed best in the category of “market sophistication”,
where it ranked 47th out of 132 countries.
“Creativity is about inventions, but innovation is
when you apply the inventions to the market. When we talk about the
sophistication of products, we talk about complexity, which means added value,”
economist Yusuf Mansur told
Jordan News.
“Market sophistication and institutions are
moderately good” in Jordan, Mansur said, “while other indicators like human
capital and research, infrastructure, business sophistication, knowledge and
technologies, and creative outputs are at a very low rate and need to be
improved”.
In the GII 2021, the top 10 highest scoring
countries are Switzerland, Sweden, US, UK, Republic of Korea, Netherlands,
Finland, Singapore, Denmark, and Germany.
According to Mansur, the more countries accept new
things and strategies, the more innovative they become. Putting a lot of money
into research and development, about 1.5 percent to 2 percent of GDP, helps
countries progress, Mansour said.
In Jordan’s case, “creating new solutions and
strategies would help the Jordanian economy grow more”, he said, adding that
“the government should be spending more money on research, as it is its role is
to promote and stimulate it”.
Riad Al-Kouri,
economist, Global Challenges Forum board member, and senior adviser for Jordan
and Arab affairs, said that “talking about the rise in market sophistication
does not mean very much”.
Jordan, he said, has an unsustainable economy, the
unemployment rate has been rising for years, yet the solutions are the same as
20 years ago.
Economic and investment advisor
Wajdi Makhamreh sees a
decline in Jordan’s performance across most of the index categories, including
in the performance of government institutions, compounded by major economic
problems, such as high budget deficit, indebtedness, and unemployment rates,
and a decline in foreign investment.
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