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Lebanon ranks 70th globally and six regionally in innovation and entrepreneurship

5-9-2017

The United Nations Economic and Social Commission for Western Asia (ESCWA) published a report entitled ‘innovation policy for inclusive sustainable development in the Arab region’ to highlight progress and performance of Arab states in terms of innovation, particularly in technology. The report emphasized the significance of innovation in achieving economic growth, industrial development, social welfare and environment protection. It displayed the ranking of these countries according to so-called Global Innovation Index 2016 (GII) which measures the status of innovation systems worldwide. To note, the GII is based on seven pillars and calculated according to a set of 82 attributes. The United Arab Emirates topped the list of Arab countries and came 41st globally posting the best performance in terms of entrepreneurship and institutions. Four GCC member states followed, with Saudi Arabia ranking second regionally (49th globally), ensued by Qatar (50th ), Bahrain (57th ) and Kuwait (67th ). Lebanon managed to reap comparable results, coming six in the region and 70th globally, as such: 91st in terms of institutions, 76th in research and human resources, 84th in infrastructure, 99th in market development, 63th in entrepreneurship, 74th in information and technological production and 51st in creative production. The executive summary of the report can be found on the following link: http://bit.ly/2eYu8d. (Al Diyar, September 4, 2017)

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