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WEF Affirms Taiwan’s Innovative Capabilities

Source: Taiwantrade | Updated: 17 November 2011

The report gives Taiwan special praise for its invention patent capability; for four years in a row now, the island has been first in the world in the number of patents per person issued by the U.S. Patent and Trademark Office. The number of patents granted saw a large increase from last year, showing that in their ability to develop inventions and patent them, the Taiwanese people are exceeding themselves.

This year’s WEF rankings put Taiwan first in “State of cluster development,” “Utility patents granted/million population,” “Inflation,” “Intensity of local competition,” “Affordability of financial services,” “Fixed telephone lines/100 population,” “Malaria cases/1,000,000 population,” and “Business impact of malaria.”

Minister Christina Liu of the Council for Economic Planning and Development (CEPD) notes that in the past Taiwan had ranked below the top 100 on the “Soundness of banks” index, but his year’s ranking is 51st; Taiwan’s ranking on the Regulation of securities exchanges” index rose to 15th, up from 61st in 2007; and on the “Financing through local equity market” index it climbed from 10th to 2nd over the same period. In the latest ranking, Taiwan rose to 5th in “Transparency of government policymaking” and 11th in “Burden of customs procedures.”

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