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EU Innovation Activity and Competitiveness on the International Market in Relation to the other Competitors

Author

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  • Ecaterina Stanculescu

Abstract

This paper tries to analyse some important and present aspects of the European Union situation in the innovation activity, relatively to its main competitors on the global market: USA, Japan and China. The study shows that, although EU has been for many years behind USA and Japan and before China, from the point of view of innovation performances, the reflection of this situation in the international trade with high-tech products - one of the most significant indicators for a country or group of countries competitiveness on the international market – the report is reversed, China holding the first place and EU the second one (a good position if we consider the recent years crisis of some Union Member States). This article’s author wants to clarify most concisely the cause of this evolution, as well as the conclusions detached from the interaction of the two economic fields: innovation (and of course research and development) and high-tech products trade (especially export).

Suggested Citation

  • Ecaterina Stanculescu, 2014. "EU Innovation Activity and Competitiveness on the International Market in Relation to the other Competitors," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 6(2), June.
    • Handle: RePEc:iem:journl:v:6:y:2014:i:2:id:2822000009237015
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    File URL: http://www.iem.ro/rem/index.php/REM/article/view/154/177
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    More about this item

    Keywords

    innovation; international competitiveness; exports; high-tech products; EU-27; the U.S.; Japan; China;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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