Stimulating innovation is one of the most pressing items on the EU agenda. In the latest European Business Forum’s debate on innovation (Issue 22 – Autumn 2005) a panel of business people, academics, advisers and policymakers address the question: “Is Europe losing its innovative edge?”
In order to facilitate countries trying to make the transition to the knowledge economy, the Knowledge Assessment Methodology (KAM) was developed by the World Bank Institute.
In another era, a nation’s most valuable assets were its natural resources — coal, say, or amber waves of grain. But in the information economy of the 21st century, the most priceless resource is often an idea, along with the right to profit from it.
The aim of the article written by Hans-Peter Baumeister and appeared in the European Journal of Open, Distance and E-Learning is to discuss the current challenges for higher education institutions in high-industrialised countries stemming from modern economic developments which are best characterized by the term ‘knowledge economy’.
“The task forse on the future of American innovation” comprised of organizations from industry and academia, advocates increased federal support for research in the physical sciences and engineering.
Formed in 2004, the Task Force urges strong, sustained increases for research budgets at the National Science Foundation, Department of Energy Office of Science, National Institute of Standards and Technology, and Department of Defense.
European Commission Press release (19 July 2005) point out that ‘The 2005 key figures show that EU R&D intensity is close to stagnation. Growth of R&D investment as a % of GDP has been slowing down since 2000 and only grew 0.2% between 2002 and 2003. Europe devotes a much lower share of its wealth to R&D than the US and Japan (1.93% of GDP in the EU in 2003, as compared to 2.59% in the US and 3.15% in Japan).