Thailand slipped one position to 44th out of 131 countries in the Global Innovation Index (GII) 2020 commissioned by the World Intellectual Property Organization, hurt by a shortage of innovators and researchers and poor regulatory processes.
“The drop was mainly due to the regulatory environment and human capital issues, including education,” said Pun-Arj Chairatana, executive director of the National Innovation Agency.
Switzerland ranked first in the index, followed by Sweden, the US, Britain and the Netherlands.
Several Asean countries kept their positions unchanged from last year, including Singapore (eighth), Indonesia (85th) and Vietnam (42nd).
The countries were categorised into four groups according to their economic clout: high-income, upper middle-income, lower middle-income and low-income.