This year the Global Innovation Index (GII)
identifies a small set of emerging economies
that exhibit remarkable innovation performance
over time. Innovation performance
is reviewed by assessing a country’s GII score
and its performance in each of the seven
innovation input and output factors relative
to its level of development (see Chapter 2).
In this analysis, no economies from Latin
America qualify as innovation outperform
However, between 2011 and 2014, only
Costa Rica (2013) and Guyana (2011) were
once reported as outperforming on innovation
relative to their development level.2 The
fact that Chile is a high-income economy—
and thus is now competing with world leaders—makes it harder for it to outperform
relative to its development level.