SAN JOSE, COSTA RICA – September 10th, 2012 – Costa Rica occupies the 3rd place in quality of innovation in Latin America. However, in order to have a better place in the world, it must strengthen its education in science, according to the Global Innovation Index.
According to the report, in order to become a knowledge-based economy, not only must Costa Rica increase its investment in scientific education, but it must also encourage entrepreneurship and increase the amount of graduates with doctorate degrees.
The international business school INSEAD, as well as the World Organization of Intellectual Property, conducts the study, which takes into account a total of 141 countries.
One of its main researchers, the economist Daniela Benavente, stated that Costa Rica should bring together its national companies, foreign companies and education sector, in order to meet market demands for knowledge workers.
Few graduates
One issue is the small amount of graduates in science and engineering fields, which caused the country to lose points in the world ranking.
Costa Rica lost 15 positions in this current study, as Costa Rica used to be placed in down from number 45 to ranking 60 this year.
In the American continent, Costa Rica is outranked by the United States, Canada, Brazil, and Chile, according to the Innovation Index.
The study also points out some of Costa Rica’s strengths, such as overall investment in education, liberty of press, and ecological sustainability.