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Innovation in Europe: Taking stock

  • Massimiliano Granieri
  • Andrea Renda
Part of the Sxi — Springer for Innovation / Sxi — Springer per l’Innovazione book series (SXIINNO)

Abstract

In this chapter we analyse Europe’s competitive positioning in the global race towards innovation, based on the recent data produced by the European Commission and the OECD. What emerges from the data is that Europe is increasingly lagging behind the USA in a number of respects, and at the same time it is losing its lead vis-à-vis emerging economies such as China and India, who are expected to conquer the lion’s share of world’s R&D investment by 2025. Moreover, we illustrate the past and current governance of innovation policy in the European Union, in particular identifying the key pillars of the new Europe 2020 strategy as well as the existing and future financial instruments offered by EU institutions such as the European Investment Bank group. We conclude by assessing whether governance has improved with the post-Lisbon generation of EU strategies, or whether the landscape of innovation policy in the EU has become even more confusing and chaotic.

Keywords

Venture Capital Innovation Policy Financial Instrument Public Procurement Intellectual Property Right 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Italia 2012

Authors and Affiliations

  • Massimiliano Granieri
    • 1
  • Andrea Renda
    • 2
  1. 1.Department of LawUniversity of FoggiaFoggiaItaly
  2. 2.Department of ManagementLUISS Guido CarliRomeItaly

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