AMMAN — The Jordanian Strategy Forum has released a policy
paper titled "World Creativity and Innovation Day: The Main Challenge
Facing Jordan" on the occasion of the UN International Day of Innovation.
اضافة اعلان
The paper aims to shed light on Jordan's position in the
Global Innovation Index, which evaluates the performance of 132 countries on
innovation input and innovation output.
Jordan ranked 72nd in the latest edition of the index,
indicating the need for improvement.
Benefits of innovationThe policy paper highlights the economic benefits of
innovation at both the partial and total levels.
At the partial level, innovation efforts can enhance
productivity, reduce costs, increase competitiveness, create higher-paying
jobs, and increase sales and profits.
At the total level, increased productivity contributes to
producing more goods and services, which can lead to overall economic growth.
Types of innovationThe paper discusses four main types of innovation according
to the European statistical office: process innovation, product innovation,
marketing innovation, and organizational innovation.
Each type has its own nature and effects, such as gradual
innovation, disruptive innovation, architectural innovation, and radical (or
breakthrough) innovation.
RecommendationsThe policy paper offers recommendations to various concerned
parties from both the public and private sectors to improve Jordan's ranking in
the Global Innovation Index.
Some of the recommendations include investing in human
capital and research, improving infrastructure, and creating a favorable
business environment.
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