INSEAD and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations) co-publish The Global Innovation Index (GII) since 2012. This year in its fifth edition, the GII was previously published by INSEAD. The GII recognizes the key role of innovation as a driver of economic growth and prosperity and acknowledges the need for a broad horizontal vision of innovation that is applicable to both developed and emerging economies, with the inclusion of indicators that go beyond the traditional measures of innovation (such as the level of research and development in a given country). The GII has evolved into a valuable benchmarking tool to facilitate public-private dialogue, whereby policymakers, business leaders and other stakeholders can evaluate progress on a continual basis.
