Global Innovation Index: Phl rises to 53rd

The Philippines was among the fastest risers in a decade in the latest Global Innovation Index (GII) of the World Intellectual Property Organization (WIPO), moving up three places this year to 53rd out of 133 economies.

- LOUELLA DESIDERIO

The report released yesterday showed the country was among the fastest 10-year climbers starting from 90th in 2013.

Other economies that have made the biggest advances in the GII in the past decade are China, India, Indonesia, Iran, Turkey, Vietnam and Morocco.

Aside from the Philippines moving up three ranks from the previous year's 56th, the WIPO said it has also attained third position in the lower middleincome group.

The Philippines' 2024 GII rank is also better than the government's target of placing 54th this year under the Philippine Development Plan (PDP).