Management of Engineering and Technology
European Union -- Research, Technology -- Management, Industrial policy -- European Union, Federal aid to research -- European Union, Knowledge economy
European Union’s top priority is to boost economic growth and to create jobs. This can only happen through reforms that will transform Europe into a dynamic knowledge-based economy. We live in a globalized economy in which Europeans cannot compete with low wages, poor social conditions or unsustainable exploitation of the environment. Knowledge and innovation are therefore primary factors for European competitiveness.
In this project, I will discuss the goal set by European Heads of the State and Government at European Summit at Barcelona 2002 to increase Europe’s overall level of investment in research to 3% of GDP by 2010 and to raise the share of research funded by business. In order to reach these goals, the EU has to achieve a better coherence and synergy on its policies and policy instruments.
First part of the report presents the current situation on Europe’s knowledge-based economy in comparison with its main competitors the US, Japan and the problems the EU encounters in becoming more competitive.
Second part discusses one of the policies that are intended to stimulate competitiveness and resolve problems presented in the first part of the project: “Competitiveness and Innovation Programme” 2007-2013. CIP is a simplified Community Programme where competitiveness is taken as the overriding theme that must drive all sub-programmes. The Council adopted the CIP on 12 October 2006 and the budget for the seven year period is 3.2 billion euros.
The report ends with conclusions and recommendations for a priority list for the EU’s coming years. (Recommendations made by European Community)
Cutar, Adriana, "European Union: Research and Innovation" (2006). Engineering and Technology Management Student Projects. 1225.