The European Commission renewed its efforts to get member states to raise their national public and private R&D investments. The pact seeks to convince member states to raise total private and public expenditure on research and development to at least 3% of gross domestic product.
The EU average is 2.2%, well below the US, Japan, and Korea. The Commission argues that greater R&D spending, by both private and public sectors, is needed to keep Europe competitive and find solutions to climate change and other global problems.
Source: Florin Zubașcu, Science Business
Picture: Science Business