EU Innovation Strategy and Global Competitiveness

Rocheska, Slavica and Kostoska, Olivera and Angeleski, Marjan and Mancheski, Gjorgji (2013) EU Innovation Strategy and Global Competitiveness. In: 6th International Conference for Entrepreneurship Innovation and Regional, Regional Economic Resilience through Innovation and Enterprise, 20-21 June, 2013, Istanbul, Turkey.

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Abstract

The new strategic EU orientation defined within the Europe 2020 agenda highlights the relevance of strengthening its competitive position on the global market. Delivering sustainable competitiveness in the new multi-polar world requires the analysis of the advantages and potentials, in addition to weaknesses of the European system, as a basic precondition to project and properly forestall the changes in the competitive environment. Thereby, development of science, technology and innovations are considered driving forces to achieve the objectives. The forecasts of the prospective EU development are based upon the concept of innovation union. The evidence clearly indicates that EU lags behind the major competitors (US and Japan) on technological development and innovations, but relative to emerging economies (China), as well. The prospective changes have inevitably imposed a necessity for significant improvements of the framework conditions to boost innovations and structural changes as a prerequisite to achieving EU sustainable competitiveness. Therefore, this paper primarily aims at analyzing the new EU strategic directions to strengthen the innovation capacity as a precondition for attaining sustainable competitiveness in the global economy. Having in mind a complexity of the researched issues the paper will comprise some aspects of the interaction between innovation and competitiveness.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 23 Jun 2016 06:19
Last Modified: 23 Jun 2016 06:19
URI: http://eprints.uklo.edu.mk/id/eprint/136

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