Report identifies progress on Lisbon targets – more local involvement needed 25-04-2007 It is the EU’s ambition to make Europe the most dynamic and competitive
economy in the world by 2010. The British Work Foundation has recently published
the report “Knowledge economy in Europe”, measuring Europe’s progress. The
report compares the developments in the European knowledge economy with the US
developments. It comes up with a number of critical recommendations, arguing to
focus on cities as places of innovation and to readjust targets for R&D
spending.
The report has been presented to 2007 EU Spring Council. In 2005 the size of
Europe’s knowledge economy measured by the share of total employment in
knowledge industries was similar to the US. What Europe has not seen is the
accompanying economic dynamism of faster growth and higher productivity.
Productivity growth has fallen in many EU States rather than accelerating, in
contrast to the US. The key underlying reason is a slow down in the pace of
technological innovation and a failure to increase investment in knowledge
across the EU.
The report presents the following conclusions and recommendations:
For more information, please visit the Work Foundation websiteRead more on the Aho report Files back |
