Table of Contents

International Science and Technology Cooperation in a Globalized World

International Science and Technology Cooperation in a Globalized World

The External Dimension of the European Research Area

Edited by Heiko Prange-Gstöhl

In a globalized knowledge-economy, the European Union (EU) needs a new approach to its international science and technology (S & T) policies by focusing on improved coherence across the different tiers of government and by demonstrating leadership in tackling serious global challenges. The contributors to this book analyze European S & T policies in several areas of global concern as well as by exposing both the pitfalls of policy coordination and its potential to contribute to a more coherent international S & T policy. They highlight the interactions between national, European and international policies, and explore how a common European policy for international S & T cooperation could work, and under which conditions. The book concludes that an EU external S & T policy is more likely to emerge if member states and the European Commission focus on a limited number of strategic priorities where Europe really can make a difference.

Chapter 5: An ‘Outward-Looking’ Lisbon Strategy: A Solution for Challenges of the Knowledge Economy in the EU, China and India

Suma Athreye, Can Huang and Luc Soete

Subjects: innovation and technology, innovation policy, technology and ict, politics and public policy, international politics

Extract

1 Suma Athreye, Can Huang and Luc Soete INTRODUCTION: EUROPEAN INTEGRATION AND EMERGENCE OF INDIA AND CHINA IN A GLOBAL SETTING Economically, the last 50 years of European integration have brought about an unparalleled process of economic development, of social transformation and employment creation. Economic development in Europe has been spurred by the opening up of national markets and the harmonization, still incomplete in many sectors, of the European Single Market; by monetary and fiscal convergence with the introduction of the Growth and Stability Pact accompanying the introduction of the Euro; by regional cohesion policies with the transfer of substantial amounts of resources between member states towards less favored regions and countries, and by a series of subsequent enlargements making the European Union (EU) today the largest trading bloc in the world. At the same time though, the last 10–15 years have also been characterized by an unparalleled process of economic growth at the world level, in actual annual growth terms at a substantially higher percentage than that of the EU, and accompanied by a dramatic expansion of world trade and worldwide capital movements. Compared to the enlargement of the EU, the enlargement of the WTO with some of the large BRIC (Brazil, Russia, India and China) countries has had by any measure a much greater impact on worldwide growth or, for that matter, EU growth. As Freeman (2005) put it, the entry of the BRIC countries in the world trade system has, given the size of their potential...

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