Research and Development -a Strong or Weak Position of the EU in Comparison with Global Competitors
Aim: The main purpose of the article is to make a comparative analysis of the European Union importance in R&D field in comparison to the United States, Japan and China. Design/ Research methods: In the first section, the relation between R&D and socio-economic changes is discussed. In the next part, research and development funding is explored. In the last section, the discussion addresses the following factors: world share of researchers, world share of scientific publications, share of global patents. The main axis of investigation is a comparative analysis, which refers to the international statistical databases: the EUROSTAT, UNESCO and the OECD databases. The study period mainly covered the years 2007 - 2014. Conclusions/Findings: In conclusion it is stated that the EU has the world's largest share in the number of researchers, as well as in the number of publications. European spending on research and development is not sufficient. Furthermore, the biggest threat to the European Union's global position in the area of R&D seems to be China, due to unusually dynamic progress in many areas of R&D. Originality / value of the article: The article allows to understand better the international position of the European Union in R&D field. (original abstract)
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