The Philippines ranked 59th in the 2022 Global Innovation Index (GII), performing best in business sophistication, the World Intellectual Property Organization's (WIPO) report published on Thursday said.
The WIPO also recognized the Philippines as one of the middle-income economies with the fastest innovation catch-up to date along with China, India, Iran, and Vietnam, despite sliding eight notches from last year's ranking down to 59th among 132 countries.
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