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. For more information on the most recent WEF Global Competitiveness report, go to MexicoToday.org.
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