Contributors and Detractors: Ranking Countries’ Impact on Global Innovation
More innovation will be the determining factor in achieving greater progress. Countries’ economic and trade policies can either help or hurt global innovation. For example, policies such as robust investment in and tax incentives for scientific research and education support global innovation. In contrast, policies such as export subsidies or forced localization harm global innovation. If nations increased their supportive policies and reduced their harmful policies, the rate of innovation worldwide would significantly accelerate. This report assesses countries on the extent to which their economic and trade policies either constructively contribute to or negatively detract from the global innovation system.
Doing Business 2016
Measuring Regulatory Quality and Efficiency
Over the 13 years since its inception the Doing Business report has become one of the world’s most influential policy publications. It is an annual report on the state of health of economies based on detailed diagnostics not of the relatively more visible features (such as growth) and various macroeconomic parameters (such as the public debt) but of underlying and embedded characteristics—such as the regulatory system, the efficacy of the bureaucracy and the nature of business governance. An economy’s scores on Doing Business indicators are somewhat akin to a measure of concentrations of various proteins and minerals in the human blood. They may not seem important to the lay observer, but they have huge long-run implications for an economy’s health, performance and growth.