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Last year Brazil fell 18 places in Insead's annual innovation index, from 50th to 68th.
ECONOMIST: Schumpeter: The Brazilian model | The
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He found that 25% of the companies had a Medium Innovation Index (II) while 25% had a High II.
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Just this month, we learned that the U.S. dropped to 10th place in the 2012 Global Innovation Index, down from 7th place the year before.
FORBES: An Internal Failure To Innovate Is America's Greatest Global Threat
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This turned out to be a wise move, since most clean energy companies had large losses in 2010, with the Wilderhill New Energy Global Innovation Index (NEX) falling by 14.6% in 2010.
FORBES: Top Performing Clean Energy Funds in 2010
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Typically an innovation index will use solid, reliable and traditional metrics like numbers of patents registered, number of third and fourth level maths and engineering graduates leaving university, and the existence of industry clusters.
FORBES: Why America Is Second Best With Its Innovation Culture
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Not surprisingly, as ITIF demonstrated in its report The Global Innovation Policy Index, Singapore offers top-tier IP protections similar to those in other developed countries and has strengthened them in recent years.
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Back in March while Google was lagging Richard Petersen from Marketpsychdata and I were discussing how to index innovation perceptions and performance.
FORBES: Why Innovators Like Google Spend Time With the Laggards
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My interest lies in understanding how to index innovation performance.
FORBES: Why Innovators Like Google Spend Time With the Laggards
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The Manufacturers Alliance for Productivity and Innovation (MAPI), said its December index points to continued expansion, though at a more moderate pace.
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The innovation allowed me to invest in low-cost index funds because these products sold like stocks on a stock exchange.
FORBES: How I View ETFs