Innovation, jobs and growth in Europe: Tackling deficiencies in EU's innovation capacity
AbstractWith the adoption of the Lisbon Strategy in March 2000, to make Europe a competitive knowledge-based economy by 2010, and the Barcelona objectives agreed upon in 2002 to increase R&D investment in the EU to approach 3% of GDP, the European leaders acknowledged the need for profound reforms in the EU in view of the challenges of ageing, enlargement and globalisation. EU Heads of State and Government were well aware that such policy endeavour could only be effectively undertaken by a concerted approach involving all Member States and involving many policy areas where competence lies at both national and EU level. These objectives and orientations were confirmed and strengthened in the renewed Lisbon strategy launched in 2005. To date, one of the most disappointing aspects of the Lisbon strategy is the performance on R&D andInnovation. While there are examples of good performance in particular sectors and particular Member States, overall the EU innovation environment remains weak This is all the more remarkable taking into account that the Lisbon European Council rightly recognised that Europe's future economic development would depend crucially on its ability to create and grow high value, innovative and research-based sectors. This contribution tries to provide some insight into the issue by first assessing (section 2) and identifying the causes (section 3) of EU's growth and innovation problem. It then discusses how policy should be designed to tackle EU's innovative capacity (section 4), to continue with a discussion of EU's actual policy agenda (section 5). We conclude with suggestions for moving policy forward (section 6).
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Bibliographic InfoPaper provided by Katholieke Universiteit Leuven in its series Open Access publications from Katholieke Universiteit Leuven with number urn:hdl:123456789/120969.
Date of creation: 2006
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Citations; Data; Firm level data; Firms; Forward citation; Industrial innovation; Innovation; IT; Linkage; Patent; Patents; Performance; Publications; Quality; Research; Science; Technology; Job; Strategy; Economy; R&D; Investment; Policy; Area; Sector; Value;
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