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Dynamic Innovation:Key to EU-US Economic development
Member rating: No Rating | Words: 4025 | Submitted: Mon Apr 07 2008
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DYNAMIC INNOVATIONS DEVELOPMENT Dynamic innovations: key to EU- US Economic development Aurimas Kisielius University of London Professor Tale Omole Industrial Management Abstract Development has been the major policies of most advanced countries; the only difference is the system the policy makers of each country have been able to implement the policies of innovations. The U.S. is one of the countries that have taken policy of R & D as its major policy. Although most EU countries adopt innovation policies in their programs, most of them still lag behind in the funding of R & D. The European Innovation Scoreboard of 2007 shows the gap between EU and U.S. in the innovation policies. Although EU has been constant in financing the R & D since 1996, but U.S has gone further in improving the funding of innovations. Nevertheless, the...
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