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Europe moving in R&D slow lane

Read the article Europe falling behind US and Asia in R&D, EC says (you can do this in the window below or follow the previous link to read the article in a separate window) and then answer the questions below.


You may also wish to read the following articles to help with answering the questions:

China closes in on Europe's R&D spending

China rises in R&D metrics

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Question 1

Explain the difference between research and development.

Question 2

Summarise the differences in R&D spending between Europe and China that are identified in the articles.

Question 3

Assess the importance of R&D to firms.

Question 4

Discuss possible policy options available to European governments to encourage more spending by firms on R&D.