Global Innovation Index for Different Country Groups: Opportunities and Challenges
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Innovation and the introduction of technological changes allow countries to transform the production of goods and the provision of various services, both in the private sector of the economy and in the sphere of governmental services. Innovative technologies and artificial intelligence are becoming the main factors of competition between countries. While production processes are gradually being rebuilt to a new technological mode, there is already a significant increase in the digitalization of business processes and services, which leads to the emergence of new business models and types of economic activity. The objective of this study is to analyze the disparities in innovation development across countries based on GII 2023 data and assess the challenges and opportunities for Armenia and its neighboring countries in enhancing their innovation potential. The research is conducted using a comparative analysis methodology, relying on data from the WIPO 2023 report. It involves statistical comparisons and the calculation of averaged indicators for different country groups to identify key trends and patterns. The findings of GII 2023 highlights significant disparities in innovation development, with top-performing countries excelling in institutional stability, human capital, and technological progress, while Armenia, its neighboring countries, and the EAEU/CIS region exhibit comparatively low scores, indicating slower scientific and technological advancement. This underscores the need for targeted policies to foster innovation and bridge the growing gap in global competitiveness.
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