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EU and China, Competitors and Partners in Innovation and High-Tech Products Trade International Course

Author

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  • Ecaterina Stanculescu

Abstract

This article intends to present the up-to-date situation of EU and China in the innovation activity and the complementarities and cooperation between them. We analyze also, the evolution in one of the most suggestive results of the innovation, i.e. the international trade with medium and hightechnology (HT) products between the two superpowers, in the period 2007-2012. It is well known that the most suggestive factor for the competitiveness of an industry and an economy on the international market is the share of medium and high-tech products in their trade. The article demonstrates that innovation efforts deployed by developed and emerging states in the world carry on – among other things – on a more intensive and diversified international trade with medium an HT products, exemplified with the EU and China general statistical data. The statistical analysis and the conclusions constitute an original contribution of the author to understand the development of the global connections of our days.

Suggested Citation

  • Ecaterina Stanculescu, 2014. "EU and China, Competitors and Partners in Innovation and High-Tech Products Trade International Course," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(3), pages 174-178, September.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:3:p:174-178
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    More about this item

    Keywords

    Innovation; international competitiveness; international trade; High-Tech (HT) products; EU-27; China;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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