<abstract xmlns="http://www.w3.org/1999/xhtml"><p>In the context of economic globalization, technology is a key factor in boosting growth and competitiveness in the business world. Technologically intensive companies have more innovation, gain new markets, use available resources more productively, and generally offer more to the people they employ. Europe spends less on R&amp;D, compared to the US and Japan, mainly due to lower levels of private investment. The lower share of HTC in the EU is the reason for half of the EU's lag behind the US. The aim of this paper is therefore to present the importance of high – tech companies for EU economy and to evaluate the steering of Europe 2020 grand strategies towards active support of HTCs and estimate, how Europe 2030 strategies will continue the effort of boosting EU economy.</p></abstract>

In the context of economic globalization, technology is a key factor in boosting growth and competitiveness in the business world. Technologically intensive companies have more innovation, gain new markets, use available resources more productively, and generally offer more to the people they employ. Europe spends less on R&D, compared to the US and Japan, mainly due to lower levels of private investment. The lower share of HTC in the EU is the reason for half of the EU's lag behind the US. The aim of this paper is therefore to present the importance of high – tech companies for EU economy and to evaluate the steering of Europe 2020 grand strategies towards active support of HTCs and estimate, how Europe 2030 strategies will continue the effort of boosting EU economy.

The importance of high – Tech companies for EU economy – Overview and the EU grand strategies perspective

Research in Social Change

This work is licensed under the Creative Commons Attribution 4.0 International License.

In the context of economic globalization, technology is a key factor in boosting growth and competitiveness in the business world. Technologically intensive...

GEO/TIME	2018
Romania	52,5
Bulgaria	60,1
Latvia	96,3
Croatia	122,2
Cyprus	134
Slovakia	138
Malta	148,8
Lithuania	151,8
Poland	158,5
Greece	202,5
Hungary	209,8
Portugal	269,1
Estonia	277,2
Spain	320,3
Czechia	377,6
Italy	406,4
Slovenia	431,8
United Kingdom	622,7
European Union 28	656,8
Ireland	769,5
France	773,6
Netherlands	974,8
Belgium	1.115
Finland	1.167,7
Luxembourg	1.208,3
Germany	1.266,3
Austria	1.388,1
Sweden	1.544,6
Denmark	1.580,9

Country Name	2018
Portugal	5,27
Slovenia	6,81
Luxembourg	6,97
Italy	7,51
Croatia	8,89
Finland	8,93
Romania	10,08
Bulgaria	10,27
Belgium	10,37
Poland	10,60
Slovak Republic	10,63
Austria	11,64
Lithuania	12,11
Greece	12,81
Denmark	13,89
Sweden	14,36
European Union	15,62
Germany	15,78
Estonia	16,84
Hungary	16,94
Czech Republic	19,63
Cyprus	19,86
Latvia	20,28
United Kingdom	22,64
Netherlands	22,68
Ireland	24,68
France	25,92
Malta	32,21

The importance of high – Tech companies for EU economy – Overview and the EU grand strategies perspective

Pubblicato online: 22 lug 2021

Pagine: 32 - 52

DOI: https://doi.org/10.2478/rsc-2020-0013

© 2020 Alenka Pandiloska Jurak, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Graph 1

Graph 2

R&D expenditure (GERD) by sectors of performance, all sectors, Euro per inhabitant

High technology exports (% of manufactured exports)