Abstract

There has been an increased awareness and appreciation of innovation as a crucial element of business success in the last two decades. The purpose of this paper is to examine the level of innovativeness of Turkey versus eight of the Next 11 (N11) countries. The analysis is based on The Global Innovation Index (GII) that contains some sixty variables confirming that innovation is a multifaceted and complicated concept Rule of law, tertiary enrollment, total R&D expenditures, information and computer technology (ICT) access and infrastructure are higher for Turkey compared to the other eight countries. Multiple regression analysis, using just political stability and total R&D expenditures, shows that Turkey is above the eight country average and appears to be in an excellent position to achieve the potential that is attributed to it as an N11 country.

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