‘PH ranked among top climbers of the decade’

THE Philippines is considered one of the “Top Climbers of the Decade” in the 2023 Global Innovation Index (GII) Analysis, the Department of Foreign Affairs (DFA) said.

The Philippine Permanent Mission in Geneva said the “top climbers of the decade” is a group of middle income economies within the GII top 65, which climbed fastest in the ranks over the last decade.

During the launch of the 2023 edition of GII, the Philippines ranked 56th out of 132 economies, “an improvement to 2022’s ranking of 59th place,” the DFA said through the Philippine Mission.

“The Philippines ranked 4th among the 37 lower-middle-income group economies, performing above the lower middle-income group average in all GII pillars,” the DFA said last October 3.

The Philippines’ main innovation strengths are in high-tech imports, high-tech exports and firms offering formal training, the Foreign Affairs department added.

“As a driver of economic development, the GII is an economic tool that references and captures the multi-dimensional facets of innovations,” the DFA said.

It adopts a system of ranking based on actionable tools by economies that include institutions, human capital and research, infrastructure, credit, investment, linkages, the creation and absorption of knowledge, and creative outputs.

The DFA said President Ferdinand Marcos Jr., in a video message, during the 2023 GII launch expressed his gratitude to the World Intellectual Property Organization (WIPO), a global forum for intellectual property policy, services, information and cooperation.

The President “mentioned the country’s investment on innovation as a driving force for economic development and the creation of economic opportunities for people and their livelihoods,” it added.

Philippine Permanent Representative to Geneva Carlos Sorreta said the Philippine achievement “was possible through the combined effort of and partnership between government, private sector and other stakeholders.”

He highlighted the Marcos administration’s priority in achieving economic prosperity through the advancement of agriculture, healthcare, infrastructure and innovation to the economy forward, which are aligned with the achievement of the 2030 Sustainable Development Goals. — Bernadette E. Tamayo

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