According to a statement released by the European Commission on Wednesday, the EU invests about a third less in research than the US, and emerging countries like China and India are fast becoming world-class centres of research and innovation.
To address this challenge, the Commission revealed that it has tabled an integrated innovation/research action plan, which calls for a major upgrade of the conditions for research and innovation in Europe. The action plan is claimed to be a further step in the Commission’s delivery of the Lisbon Partnership for Growth and Jobs, which has so far signally failed to deliver anything other than a lot of hot air.
The action plan centres around four strands, comprising 19 different actions:
1. Research and innovation at the heart of EU policies
2. Research and innovation at the heart of EU funding
3. Research and innovation at the heart of business
4. Improved research and innovation policies
Vice-President Günter Verheugen, the Commissioner responsible for enterprise and industry policy observed that:
“Innovation and research are crucial if the EU is to return to sustainable growth. This plan addresses the weaknesses the EU has in this field. But the best strategy is not worth much, if Member States do not chip in the money to realise it. Every cent which goes into innovation and research is a cent invested in jobs, growth and hence our future.”
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