LONDON: To get an thought of a mercantile towering euro section strugglers Greece and Portugal have to climb, cruise this: per million inhabitants, they any filed fewer than 8 applications with a European Patent Office in 2010.
Germany, with a advantages of scale that go with a race 8 times bigger, lodged 335 obvious applications per million residents. But a Czech Republic, of a identical distance to Greece and Portugal, managed 16. Much-smaller Ireland boasted 112, according to calculations formed on information on a EPO website.
Figures on investigate and growth are a small better. Greece spends only 0.6 percent of GDP on RD, a same as in 1999. Portugal’s RD rose to 1.66 percent of GDP in 2009 from 0.69 percent a decade progressing though still lags a OECD average, that rose over a same duration to 2.33 percent from 2.16.
Innovation matters since it is
Article source: http://economictimes.indiatimes.com/news/international-business/euro-zone-strugglers-lack-innovative-knack/articleshow/11789519.cms
