Dubai, Feb 21 (UNI) The World Business INSEAD Global Innovation Index 2007 has placed the United Arab Emirates (UAE) 14th on the list of global nations, while India and China were ranked 23rd and 29th respectively.
According to INSEAD, the ranking of the UAE at 14th is a sign of the shifting tectonic plates of the world economy.
''The brightest star in the West Asia, the UAE has benefited from government leadership that sets it apart from its neighbours through policies explicitly designed and implemented to attract skilled workers and technology-intensive companies,'' it said.
The result, particularly in Dubai, has been growing clusters of innovative companies, the study said.
The UAE has once again demonstrated the importance of integrating innovation into every aspect of strategic planning, especially at the senior-most level of leadership.
UNI
According to INSEAD, the ranking of the UAE at 14th is a sign of the shifting tectonic plates of the world economy.
''The brightest star in the West Asia, the UAE has benefited from government leadership that sets it apart from its neighbours through policies explicitly designed and implemented to attract skilled workers and technology-intensive companies,'' it said.
The result, particularly in Dubai, has been growing clusters of innovative companies, the study said.
The UAE has once again demonstrated the importance of integrating innovation into every aspect of strategic planning, especially at the senior-most level of leadership.
UNI
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