by Michael AneiroDec. 14, 2004-In the face of an increasingly global economy, the United States has actually widened its advantage over most European nations when it comes to innovation, according to a recent study out of Europe.
The 2004 European Innovation Scoreboard (EIS), released in November by the European Commission, found that the U.S. and Japan remain "far ahead" of E.U. nations in the area of innovation. The report said that the level of E.U. innovation has remained relatively constant since 1996, while innovation performance in the U.S. and Japan has continued to improve, widening what it called the "innovation gap" between the U.S. and the E.U. The report traced this gap primarily to significant differences between the U.S. and E.U. in a handful of key areas, including patents, the education level of the working population, business expenditures on research and development, high-tech manufacturing, and early-stage venture capital.
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