EU - Problems and Perspectives

Part 1: R&D Investment for the
Knowledge-Based Economy
Scientific and technological knowledge and its wide dissemination
play a vital role in the knowledge-based economy. It is widely
agreed that research and development (R&D), along with the
availability of a highly skilled workforce, the creation of an intense
interplay between the stakeholders of national innovation systems,
and the effective use of information and communication technologies,
are the key conditions for successful innovation and the competitiveness
of advanced economies.
The capacity to create and apply knowledge has become more important
in the production of goods and services. On the one hand,
production is more research-intensive, drawing on the utilisation
of research findings; on the other hand, it is technology-intensive,
drawing on the exploitation of new technology, and on the command
of the knowledge base of advanced and tailored services and
complex production processes.
This part of the do...