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Innovation Union Shows Europe Has Gotten Message about Innovation-Based Economic Growth

February 23, 2011
| Blogs & Op-eds

Europe has gotten the message that innovation drives economic growth says European Commission Director-General of Research and Innovation, Robert-Jan Smits, and it is focusing on improving conditions for and removing barriers to innovation while increasing public investment in R&D to three percent of European GDP with the goal of "making Europe the world's most attractive environment for R&D, innovation, business investment, and entrepreneurship." Smits says Europe has recognized that it "must preserve investment in research and innovation which are the main sources of future growth." In this blog post, Senior Policy Analyst Stephen Ezell says this is a message U.S. policymakers would be wise to heed.