Growth Factors for Economy and Technology

In their annual report eminent economists of the European Economic Advisory Group (EEAG) report on growth factors for the European economy. As the German paper FAZ recently (21.2.2006) pointed out, the report says that one point of the Lisbon agenda is misleading. The agenda states to make Europe become the most competitive area in the world, for instance, by increasing the research budgets to three percent of GDP. Actually, the economists think this general issue is false, and only useful for countries with a technology driven economic growth at present or in the last few years. That's the case for Ireland, Finland, Sweden and the UK. The panel also thinks that the corporate sectors is better informed on how to push hightech into the market and what technology has a future than eurocrats and politicians.