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The European Union presented a new publication on Europe’s position in research and innovation
Key figures 2007 on Science, Technology and Innovation
On 11 June the European Commission presented a new publication entitled ‘Key figures 2007 on Science, Technology and Innovation’ on Europe's position in research and innovation.
The publication shows that R&D intensity (R&D expenditure as % of GDP) in Europe has stagnated since the mid-nineties, while major competitors such as Japan, China or South Korea have been able to increase substantially their R&D effort, shaping a world where knowledge is more evenly distributed than ever before.
Moreover, the R&D investment deficit against the US has remained constant over recent years. In particular, the low level of business R&D in the EU remains worrying. The publication shows that differences in the industrial structure of the EU compared to countries such as the US are the main cause for this low level of business R&D, with the EU having a smaller high-tech industrial sector, which usually has much higher levels of R&D spending.
To read the publication, please click on the EU’s pressroom.
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