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CHAPTER 2 ARE EXPECTATIONS TOO HIGH? WEAKNESSES OF EUROPE’S S&T SYSTEM Across the globe, modern society expects R&D to deliver solutions to an increas- ingly long list of problems (see Chapter 1). Arguably, however, these expectations have become somewhat inflated and out of line with reality. There is a gulf between what citizens (and sometimes governments) think R&D can achieve and what it is actually capable of delivering today in the real world, with limited resources and complex systems of governance. In Europe, the gulf between hopes and reality is particularly pronounced. EU citizens recognise that they live in one of the most advanced economies of the world, and expect R&D to be able to tackle the challenges they face. EU governments meanwhile, reflecting the concerns of citizens, have set an increas- ingly ambitious and necessary agenda for change centred on the creation and exploitation of knowledge. This is typified by the comprehensive Lisbon goals, which emphasise the key role of the transition to the knowledge-based economy in securing sustainable growth, more and better jobs and greater social cohesion. Such ambitions and such a vision of the future are vital if policy in Europe is to remain on track
Published: Jan 1, 2006
Keywords: Innovation System; Purchase Power Parity; Innovation Policy; Opinion Survey; Lisbon Strategy
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