Mexico advances as an innovator according to World Economic Forum Global Competiveness Index

Mexico advances as an innovator according to World Economic Forum Global Competiveness Index

According to the World Economic Forum Global Competitiveness Report, Mexico has advanced 22 spots in the rankings in the economic pillar of innovation in the last two years.

The World Economic Forum defines innovation as those technological breakthroughs that have formed the basis of many of the productivity gains that economies have historically experienced. Innovation transforms the way things are being done, and opens up a wider range of new possibilities in terms of products and services. Innovation also requires extensive collaboration in research and technological developments between universities and industry.

Mexico's economic growth and development are praised by executives from Scotiabank, Siemens, and Coca-Cola; as well as former Bombardier vice-president Réal Gervais, Tom Donohue of the U.S. Chamber of Commerce and former U.S. Trade Representative Carla Hills.