RESEARCH - DEVELOPMENT - INNOVATION THE WAY TO ECONOMIC PERFORMANCE

• Main Author: Viorel Pop
• Format: Article
• Language: English
• Published: Vasile Goldis University Press 2013-03-01
• Series: Studia Universitatis Vasile Goldis Arad, Seria Stiinte Economice
• Subjects: research; development; innovation and economic performance.
• Online Access: http://studiaeconomia.uvvg.ro/index.php?option=com_content&view=article&id=300:research-development-innovation-the-way-to-economic-performance&catid=41:2013-part-1&Itemid=72

The last decades have confirmed the observation, more obvious in fact, that the intelligence of Europe migrates to other parts, mainly to the United States but also to Canada and Japan, where there are better conditions and more money for research. The effect in time of this "bleeding" was less competitive European technology and products, they encompass less intelligence than those from the U.S., Canada, Japan, South Korea etc. The highest labor productivity is in the U.S. and continues to grow faster than in Europe, the degree of technological innovation of enterprises and the emergence and assertion of new performant companies, is also higher for Americans. The prestige of American universities has increased at the expense of Europe, mainly due to the results of scientific research. We are proud with Universities such as Oxford, Sorbonne, Heidelberg, Cambridge, Freiberg or Gottingen, but from the most valuable first 10 Universities in the world, eight are American. Every year there are more and more Nobel Prize holders, graduates of American universities, researchers working in research institutes and American Universities.