‟
The Malaysian Government has been most
supportive in creating an innovative ecosystem
as the way forward to boost economic growth.
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The Innovation Output Sub-Index provides
information about outputs that are the results
of innovative activities within the economy.
There are two output pillars: (6) Knowledge and
technology outputs and (7) Creative outputs.
The Innovation Efficiency Ratio is the ratio of
the Output Sub-Index score over the Input SubIndex score. It shows how much innovation
output a given country is getting for its inputs.
Each pillar is divided into three sub-pillars
and each sub-pillar is composed of individual
indicators, for a total of 82 indicators this year.
It is important to note that each year the
variables included in the GII computation are
reviewed and updated to provide the best and
most current assessment of global innovation.
Other methodological issues—such as missing
data, revised scaling factors, and new countries
added to the sample—also impact year-on-year
comparability of the rankings.
Most notably, a more stringent criterion for the
inclusion of countries in the GII was adopted this
year, following the Joint Research Centre (JRC)
recommendation in past GII audits. Economies
and countries were included in the GII 2016
only if 60% of the data was available within each
of the two sub-indices and if at least two of the
three sub-pillars in each pillar could be computed.
This more stringent criterion for inclusion in the
GII ensures that country scores for the GII and
for the two Input and Output Sub-Indices are not
particularly sensitive to missing values. As noted
by the audit, this more stringent threshold has
notably improved the confidence in the country
ranks for the GII and the two sub-indices, and thus
the reliability of the GII rankings.
Malaysia bracing for new engines of
growth through Innovation
The Malaysian Government has been most
supportive in creating an innovative ecosystem as
the way forward to boost economic growth. The
global key areas of innovation may be grouped
under the following six fields:
a) Energy Technologies Alternative energy
sources such as solar, wave, wind, storage
technologies, clean technology and smart
electric grids.
b) ICT Internet of things, cloud computing, big
data analytics, new apps, artificial intelligence
and reality devices.
c) Biotechnology Genetic therapy, stem cell
research, micro machines.
d) Manufacturing technology Robotics, smart
automation, 3D printing.
e) Financial Technology Fintech.
f) Defence Technology Development of drones,
advanced weapons.
The Malaysian Government’s emphasis on
innovation is well reflected in Prime Minister,
Dato’ Sri Najib Razak’s keynote address in May
2016 at the GSIAC-Khazanah Distinguished
Lecture Series in London. In the speech, he
said that Malaysia must stick to the principle
of innovation, sustainability and inclusivity as it
embarks on the journey to be a developed, highincome nation by 2020. We must focus not just
on innovation, but on commercialising innovation.
We need to focus on being at the forefront of using
and inventing new technology, so that we gain and
maintain a long term competitive edge.
Source: Credit of contents to Cornell University,
INSEAD and WIPO.
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