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The World Intellectual Property Organization (WIPO’s) Global Innovation Index report has noted that Zimbabwe’s economy has the biggest potential than any other Economy in the world.World Intellectual Property Organization is one of the 15 specialized agencies of the United Nations.
This is also evidenced by Zimbabwe being ranked “ahead of Côte d’Ivoire which has a higher GDP at US$137 billion compared to its US$38 billion.”
Zimbabwe has been ranked 11th ahead of Cote d’lvoire 12th in the top ranked most Innovated and advanced countries. In Africa’s top 12, South Africa comes first followed by Morocco in second position, Tunisia third, Botswana fourth, Kenya fifth, Egypt 6th, Ghana seventh, Namibia eighth, Senegal ninth and Tanzania tenth.
A recent World Intellectual Property Organization’s (WIPO) Global Innovation Index, report stated that Africa was one of the richest continents in the world when it came to natural resources, with vast resources of valuable metals such as cobalt, gold, platinum, and coltan a tantalite ore.
WIPO GII referenced ‘low level industrialisation’, speaking of the services sector, the complex informal sector and the country’s resource-richness.
Economic commentators believe the ranking was a vote of confidence in Government policies.
This after the Southern African country was ranked 11th out of 56 African countries and 106th globally out of 197 countries comprising 193 countries that are member states of the United Nations and 2 countries that are non-member observer states: ie The Vatican or the Holy See and the State of Palestine and two other Sovereign States of Kosovo and Taiwan.
“This shows that Government policies are bearing fruit in spite of the difficult circumstances,” said one Economic commentator.
“Zimbabwe has the potential to be a bigger economy with the resources it has,” he said.
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