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Europe’s Middle Technology Trap
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EconPol Forum
| News
Europe is increasingly falling behind in growing high-tech industries, such as the digital economy or biotechnology. Contrary to their US and Chinese competitors, companies in the EU concentrate their innovation activities rather on established mid-tech sectors, which tend to have lower growth rates and generate less disruptive innovations. This paper proposes reforms of EU innovation policy to get Europe out of its “mid-tech trap”.