Knowledge Absorption at a Global Level
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Description
In the Global Innovation Index (GII), "Knowledge Absorption" refers to a country’s or organization’s ability to acquire, incorporate, and utilize knowledge generated either internally or externally to improve its capacity for innovation. This component is crucial as it determines how an economy can absorb new technologies, ideas, and know-how from external sources and apply them effectively to promote economic and technological development. "Knowledge Absorption" encompasses various aspects, such as the importation of technology through foreign direct investment, technology licensing, and international collaborations. Additionally, knowledge absorption is enhanced by interactions between local and foreign enterprises, which can lead to technology transfers and the adoption of innovative practices. The role of educational and research institutions is also significant, as they help train a skilled workforce and facilitate the transfer of knowledge. In the context of the GII, a country’s ability to absorb knowledge is a key indicator of its global competitiveness. Economies with high knowledge absorption capacities tend to benefit more from globalization, leveraging international networks to accelerate their development. Countries that invest in educational and technological infrastructures and create environments conducive to international collaboration are generally those that show the most progress in terms of innovation. In summary, knowledge absorption is an essential pillar for building an innovative and resilient economy. The data refer to the period between 2013 and 2022.
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Knowledge Absorption at a Global Level.pdf
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Dates
- Available
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2024