A new ‘Creative Productivity Index’ (CPI) developed by the Asian Development Bank (ADB) and Economic Intelligence Unit (EIU) has ranked Pakistan as the least efficient innovator.
Pakistan is ranked 23rd with weaknesses in fostering a competitive business environment and it provides little incentive for firms to innovate, says a report released yesterday.
According to the index, Myanmar and Cambodia have also been ranked as the least efficient innovators, while Japan and South Korea have been ranked as countries most efficient in the Asia and Pacific region at turning creative inputs into tangible innovation.
Of economies with high creative inputs, Singapore and Australia are less efficient at turning those into outputs. Of those with lower creative inputs, Pakistan and Cambodia are less efficient at turning inputs into outputs.
