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Azlan Othman
The Sultanate ranked first globally in price of redundancy dismissal, second globally in utilized tariff fee, third in political and operational stability, fourth in pupil-teacher ratio and in graduates in science and engineering.
This was revealed within the recently-published 2022 International Innovation Index (GII). Brunei Darussalam was forty seventh among the many 48 high-income group economies.
The Sultanate is in thirty eighth place in world company R&D traders, however didn’t rating nicely in home trade diversification, hi-tech manufacturing and infocommunications know-how providers exports indicators.
Brunei ranked 14th among the many 17 economies within the Southeast Asia, East Asia, and Oceania (SEAO) area.
The establishments class is the place the Sultanate carried out the very best, at twenty third place globally.
In benchmarking in opposition to different high-income economies, Brunei Darussalam carried out above the group common, whereas within the SEAO area, the Sultanate carried out above the regional common.
In the meantime, Brunei ranked 53rd in human capital and analysis and 61st in infrastructure. Its weakest efficiency was in information and know-how outputs (127th).
Nonetheless, globally, Brunei Darussalam dropped 10 locations within the index from 82nd to 92nd amongst 132 economies. The Sultanate recorded higher efficiency in innovation inputs than innovation outputs in 2022, rating 53rd in innovation inputs and 129th in innovation outputs. These positions are decrease than in 2021 and 2020.
Switzerland, the US, Sweden, the UK, the Netherlands, South Korea, Singapore, Germany, Finland and Denmark are positioned within the high 10 within the index drawn up by the World Mental Property Group.
In the meantime, the SEAO area continues to shut the innovation efficiency hole with Northern America and Europe, the report added.
Seven SEAO economies are world innovation leaders: the South Korea (sixth), Singapore (seventh), China (eleventh), Japan (thirteenth), Hong Kong, China (14th), New Zealand (twenty fourth) and Australia (twenty fifth).
Singapore, China and New Zealand improved their rankings this yr.
Among the many regional leaders, China, South Korea and Japan made the best advances up the rankings over the previous 10 years.
The 2022 version of the GII tracks the latest world innovation tendencies in opposition to the background of an ongoing COVID-19 pandemic, slowing productiveness progress and different evolving challenges.
It revealed probably the most progressive economies on the planet, rating the innovation efficiency of round 132 economies whereas highlighting innovation strengths and weaknesses.
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