Switzerland Innovation

Development
BY: Syahzanani Binti Syerie Nizam (B201101071)
 Awards & Recognition

Global World Intellectual

Innovation Property Organization
In 2019, it was notable
Indexas the first The number one country in the world for its
most innovative country innovation (8 consecutive year)
HOW SWITZERLAND BECOME INNOVATIVE
COUNTRY?
EDUCATION AND TALENT BASE
VOCATIONAL AND
TRAINING

UNIVERSITIES

RESEARCH
INSTITUTION
 GRAPHICAL EVIDENCE (CORNELL UNIVERSITY)

Input sub-Index
Based on 5 pillars

- Institution
- Human capital and Resources
- Infrastructure
- Market Sophistication
- Business Sophistication

Output Sub-Index
Based on 2 pillars

- Knowledge and Technology

Outputs
- Creative Outputs
This Global Innovation Index include 2 sub indices:
WHY DOES SWITZERLAND MAINLY FOCUS ON
INNOVATION?

Switzerland
“LACK OF RESOURCES”
Known as landlocked country that This lack of resources has led to a
imports mostly their crude oil from focus on efficiency and
oversea. sustainability.
 SWITZERLAND DEVELOPMENT

Areas in
Innovations
Renewable energy and
1 Energy efficient
technologies

Sustainable
2
Transportation

Resources
3
Conservation
 ECONOMIC THEORY
ENDOWMENT BASED
THEORY OF RESOURCES CURSE
COMPARATIVE THEORY
ADVANTAGE ● Known as “paradox of plenty”.
● Since Switzerland is not having a ● Countries that have abundant natural
land endowment as compared to a
resources are more likely to have slower
large country, they mainly focused
economic growth, weaker institutions and
on capital and labor endowment.
less developed economies.
● Labor: Knowledgeable and skilled ● Example study of Sachs and Warner in
● Capital: Advance Technology
1997, found this negative relationship is
strongest for countries with abundant
primary commodities
 POPULAR INDUSTRIES IN INNOVATION

Pharmaceutic Medical Biotechnolog Banking & Luxury

als Devices y Financial Goods
Global Leader in Created advance Focus in developing Very well known Popular with luxury
development of new diagnostic equipment technologies in areas because of their goods like watches,
drugs and therapies and surgical instruments like genetic, innovative and chocolate and cheese.
biochemistry and efficient banking Products have a
Example like Novartis Example like Synthes biomedicine system reputation for its best
and Roche and Medtronic quality