Low business R&D a major threat to the European knowledge-based economy
added: 2007-06-13
The European Commission presents a new publication on Europe’s position in research and innovation. The “Key figures 2007 on Science, Technology and Innovation” 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.
