Innovation is essential to the progress of an economy, but an inability to disseminate that innovation to a wider group of users who, in turn, can broaden its applications, hinders its effectiveness. According to this trenchant report from economist Reinhilde Veugelers, the rate of innovation diffusion within the European Union runs behind that of other economies. Veugelers probes systemic obstacles such as legal hurdles, inaccessible finance, and research and development that is clustered within a small group of firms, and proposes some solutions. getAbstract recommends this succinct and relevant study to entrepreneurs, executives and investors.
In this summary, you will learn
- What national R&D statistics indicate,
- Why Europe lags in innovation dissemination and
- How EU policy makers can encourage greater innovation.
About the Author
Reinhilde Veugelers is a professor at KULeuven/MSI in Belgium and a senior fellow at Bruegel.