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When speaking of market modification, it is of crucial importance to tackle the notion of innovation. For instance, the economy of Egypt may be examined on the subject of innovation visualization. The innovation of products and collaboration with the global market is essential for the growth of countries’ economies. GII (Global Innovation Index) was designed to identify the specific country’s position worldwide in terms of implementing innovative tools for their development ambitions (Forouharfar et al.). It has much information about the current situation in the state and helps understand where to grow, what blind spots can be fixed.
Egypt has several imperfections in terms of innovation, and it includes regulation problems, the policy used for the development, access to education, electricity, and the Internet. GII data visualization tool helps distinguish between various indicators for specific analysis; for instance, sources of the data may be reviewed separately from other components. Thus, one can see that the primary source of information for GII is the World Bank that provides information on the country’s economic development. On the one hand, the index shows the internal country’s issues; on the other hand, the pole reflects the global scale position, which predetermines the possible direction for growth.
Academics are involved in the process and analyze the index for several fundamental reasons. Firstly, the data is useful for policymakers to examine the current situation and find other innovative ways. Secondly, the research highlights the areas that need immediate improvement. Moreover, this project pushes innovation forward to fix imperfections and blind spots. Even though there are some challenges for this research, for example, some designs are not recorded within the country, some of the data may be late; it is still crucial for improving the current situation. Thus, the GII visualization tool is an important instrument for analyzing existing data and the country’s position on the global scale in terms of implementing innovation. Policymakers can find this project useful as it shows blind spots and ways for further growth.
Work Cited
Forouharfar, Amir, et al. “A Taxonomic Study of Innovation in the MENA Region Economies: Reflections on Entrepreneurism in Egypt and Qatar.” Entrepreneurship Education and Research in the Middle East and North Africa (MENA). Springer, Cham, 2018, pp. 255-271.
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