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domingo, outubro 23, 2005

EU falls behind in research

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The increase in corporate R&D investment for 2004-05 was 2 per cent in Europe but 7 per cent in the US and Asia, according to the International R&D Scoreboard.

South Korea had the most spectacular annual growth in R&D investment - 40 per cent - led by Samsung Electronics, Hyundai Motor and LG Electronics. The increase for Japan was a more modest 4 per cent.

Europe's failure to keep pace with its competitors in "a race to the top" will be a key theme of this Thursday's EU summit at Hampton Court, near London.

Tony Blair, the British prime minister and host of the summit, wants to "get Europe back on track in the direction of modernisation". Only five years ago the EU committed itself to becoming the world's leading knowledge economy by 2010.

A priority of the British presidency of the EU is to refocus the Union's €100bn-a-year budget towards R&D and away from traditional support for farming and struggling regions.
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FT.com / World - EU falls behind in research

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