Science: A Race without a Finish. The Position of Europe
This paper addresses the fundamentals of our knowledge-based society, with a particular view to the emerging new knowledge initiatives in the European Union. After a discussion of the current R&D investment trends in Europe, several flaws in the European knowledge system and in the European Rese...
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| Main Author: | |
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| Format: | Article |
| Language: | English |
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European Institute of Romania
2005-12-01
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| Series: | Romanian Journal of European Affairs |
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| Online Access: | https://rjea.ier.gov.ro/wp-content/uploads/articole/RJEA_Vol5_No4_Science_A_Race_without_a_Finish_The_Position_of_Europe.pdf |
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| Summary: | This paper addresses the fundamentals of our knowledge-based society, with a particular view to the emerging new knowledge initiatives in the European Union. After a discussion of the current R&D investment trends in Europe, several flaws in the European knowledge system and in the European Research Area (ERA) are highlighted. The need for a drastic improvement of frontier research (i.e. excellence-driven research) and for a better coordination of the great many research initiatives in the widening European Union is emphasized. A drastic change is needed in order to cope with the fragmentation and the sometimes low R&D intensity in the ERA. The paper concludes with a presentation of a recent meta-analysis which demonstrates the importance of public expenditures for education and research, based on a comparative analysis of 123 applied studies on the impact of government expenditures for knowledge investments on economic growth. |
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| ISSN: | 1582-8271 1841-4273 |