According to the 2016 Global Innovation Index -published by the Cornell University, INSEAD and the World Intellectual Property Organization (WIPO)-, and although some countries have had an interest in promoting innovation, the region has not exploited its potential and has been unable to improve statistically in relation to previous years. The report recommendation for Latin American governments is to adopt long term goals in those topics.
The highlighted countries in the Index were Chile, Colombia, México, Peru and Uruguay. Brazil was distinguished for its importance in the region, and Peru and Uruguay because of their emergent role. In the ranking, the first position for a Latin American country was for Chile, 44th worldwide, and the second place was for Costa Rica, increasing 6 positions according to 2015 rankings.
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