Knowledge economy of the EU: strengths and weaknesses

Authors:
M. Vovk1, D. Braga2
1. Prydniprovs'ka State Academy of Civil Engineering and Architecture (Dnipro, Ukraine)
2. University of Economics in Bratislava (Bratislava, Slovak Republic)
Pages:
292 - 300
Language:
English
Cite as:


Annotation

The aim of the article is to analyze strengths and weaknesses of knowledge economy of the EU.We have developed integral Knowledge Economy index (KEi) for analysis of knowledge economy in the EU. There was identified three groups of the EU countries by the KEi index. In view of the need to be in agreement with the postindustrial economy and Lisbon Strategy such disparities in the development of knowledge economy among the EU countries it was create unfavorable conditions for long-term growth as well as for fostering the region’s competiveness and its ability to counter economic shocks.There was concluded that one of the significant driver of the strengthen knowledge economy is the creation of strong institutional bodies. The other set of problems are problems of innovations commercialization. 


Keywords
market of innovations, knowledge economy, EU, public policy, strength, weaknes


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