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Measuring Success: In Crafting Innovation Policies We Should Be Aiming Not Merely to Increase Gross Domestic Product But Also to Enhance the Overall Quality of Life in Measurable Ways (European Union)

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eBook details

  • Title: Measuring Success: In Crafting Innovation Policies We Should Be Aiming Not Merely to Increase Gross Domestic Product But Also to Enhance the Overall Quality of Life in Measurable Ways (European Union)
  • Author : Issues in Science and Technology
  • Release Date : January 22, 2010
  • Genre: Engineering,Books,Professional & Technical,
  • Pages : * pages
  • Size : 355 KB

Description

In his keynote speech to the National Academy of Sciences on April 28, 2009, President Obama said that "science is more essential to our prosperity, our security, our health, our environment and our quality of life than it has ever been before." He went on to announce massive increases in public support for a range of agencies and activities and to commit the United States to an annual investment in R&D of more than 3% of gross domestic product (GDP). His initiative has its parallels around the world. For the European Union, the 3% goal was set in the Lisbon agenda of 2000. Finland, Israel, Korea, Japan, and Sweden have already surpassed this target, and for the 30 countries of the Organization for Economic Cooperation and Development (OECD), this indicator has risen from 2.06 to 2.29% of GDP during the past decade. The commitment to science as a driver of economic growth and competitiveness has now become commonplace. Things were not always so. Throughout human history, wealth was first achieved by the exploitation of natural resources, then by the husbanding and better management of natural resources, followed by conquest and the acquisition of the wealth and natural resources of others, and finally by the application of knowledge to the creation of wealth by increasing what the French call the technicite of society.


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