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Role of US and Chinese big tech worrying EU’s R&D future-gazers

Report suggests Europe needs more collaboration on research and innovation in light of global trends

A growing EU dependence on technologies developed by companies based elsewhere and unpredictable political support for R&D spending were among concerns highlighted by a foresight exercise intended to make the EU’s research and innovation policy more resilient to future shocks akin to the Covid-19 pandemic.

“The EU share of global R&D is shrinking, and there is an unavoidable, growing EU dependence on technologies developed and produced elsewhere in the world [as well as] an ever-increasing influence of private firms on technological development,” warns a report of the foresight exercise published this month, called: After the new normal: Scenarios for Europe in the post Covid-19 world.

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