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International tech and innovation report ranks Peru 48 out of 56

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Countries don’t always get along when it comes to territory debates, product origins or signing treaties. But sometimes they do, and sometimes their efforts contribute to global innovation.

The Information Technology and Innovation Foundation (ITIF) released their latest report that ranks 56 countries on the impact of their policies in contributing and detracting from global innovation.

In that ranking, ITIF ranked Peru at 48 with a general score of -12.2; a contribution score of -13.6 and detraction score of -7.4. What does that mean?

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The report focused on assessing the impact that 56 countries have on global innovation by looking at 27 factors reflecting the extent to which their economic and trade policies contribute to and detract from innovation globally.’

One of the factors that demonstrates a country’s investment in innovation is investment in university research. Peru recorded an average of $18 of Government funding of University Research (per capita). While Singapore recorded the highest amount of government funding with $382, and Switzerland the second highest with $369.

The nations that are contributing most positively to global innovation are Finland (15.6), Sweden (14.2) and the United Kingdom (13.7).

On the other hand, India, Indonesia and Argentina were last on the list with scores of -15.5, -17.5 and -20.1 respectively.

For more information visit ITIF and read the report. What does the Information Technology and Innovation Foundation have to say about Peru’s policies?

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Hillary moved to Peru in August of 2014 to learn Spanish, live with her family, and pursue writing. Born and raised in Bakersfield, Ca, Hillary earned her B.A. in Anthropology at University of California, Berkeley. Since moving to Peru she drinks fermented potato and coca concoctions daily and is enjoying learning about the abundant and natural andean foods of the country. Hillary hopes one day to become an investigative journalist. You can follow her blog.