A proposal for the application of multicriteria analysis to rank countries according to innovation using the indicators provided by the World Intellectual Property Organization

This article aims to analyze the ranking of Latin American and Caribbean countries in the ranking proposed by the World Intellectual Property Organization in relation to Global Innovation Index using the multicriteria approach as an instrument. The methodology used is the Technique of Ordination by Similarity with the Ideal Solution, in order to support the reduction of subjectivity to the decision making process of the global competitiveness models. It is based on literature research, through a review on the themes of innovation works, marking the condition of the local productive networks, focusing on the approach of the Porter's Diamond proposal. The results of the application of the technique bring a new perspective to institutional methodology and allows to suggest new factors indicative that the countries of Latin America and the Caribbean need to develop their networks and creative policies in such a way that the promotion of technological innovation occurs quickly, so that innovation is transferred to society.