The Washington Independent
The Washington Independent
Portugal: The Most Grew Country in European Innovation Ranking

Portugal: The Most Grew Country in European Innovation Ranking

Last updated: Mar 15, 2021 09:56 | Feb 11, 2011 07:24
news
Elisa Mueller

Table of Contents

European Innovation RankingEconomic Performance

European Innovation Ranking

With an increase well above the European average in terms of expenditure on research and development (R&D;), Portugal is one of the countries that most grew in the European Innovation Ranking.

The European Commission today presents the European Innovation Scoreboard for 2010, in which Portugal manages to move up another notch in the chain that compares it with other countries, approaching the European average and now reaching the 15th position in the ranking of the most innovators from Europe to 27. However, it remains almost at the tail of Europe (it is in the 23rd position), if an issue is the assessment of the economic effects that are attributed to the measures that have been taken.

This ranking is elaborated through the analysis of 24 indicators, aggregated in eight major categories: human resources; open and attractive research systems; financial resources and infrastructure; business investment; partnerships and companies; patents; innovative companies and economic effects. In view of the 2009 ranking, the progression can be understood as that of "only" one step (it went from the 16th position in 2009 to the 15th in 2010). But, analyzed in a five-year cycle, it is clear that the effort that has been made has allowed Portugal to jump seven positions (in 2006, it was classified in 22nd place) and to now lead the group of "Moderate Innovators" ", ahead of Spain and Italy, the other two countries that, like Portugal, joined in an initiative like Cotec.

In the rankings that measure the growth of indicators, Portugal is the country that grew the most in terms of expenses incurred in R&D; as a percentage of GDP (now very close to the European average), it is also the country in which more young people aged between 20 and 24 years have completed secondary education and is in first place in the growth of innovative companies that collaborate with other companies (as a percentage of total SMEs). It is also in second place in the ranking of the countries that most increased public spending on research and of the most patents made in areas that "constitute a challenge for societies".

Economic Performance

If the analysis is done in disaggregated terms for each of the eight areas analyzed, it reveals the country's good position in the areas of self-assessment (in which companies declare their methods and results) and a more fragile position in the variables that measure economic performance.

The item in which Portugal shows a better result - and is even in third place compared to the countries of Europe at 27 - is in the item "Innovators", that is, the countries with companies that declare to have introduced innovative products or processes in the market, achieving with them greater efficiency in the use of resources or in the reduction of production costs. The remaining items analyzed, it is already close to the average in terms of open and attractive research systems (where it is in 13th place) and in the existence of partnerships between companies (it is in 15th place), and it has a notable 12. º in terms of financial resources and infrastructures. But corporate investment and human resources are still far from average, respectively, in 18th and 21st positions.

The worst place of all turns out to be even in the economic effects achieved, where it occupies the 23rd position. Indicators such as employment in sectors that require high qualification, the volume of exports of medium and high technology goods, or the sale of goods resulting from innovations show performances and developments below the European average.

The forefront of this European Innovation Scoreboard remains delivered to Sweden, Denmark, Finland, and Germany.

Elisa Mueller | Elisa Mueller was born in Kansas City, Missouri, to a mother who taught reading and a father who taught film. As a result, she spent an excessive amount of her childhood reading books and watching movies. She went to the University of Kansas for college, where she earned bachelor's degrees in English and journalism. She moved to New York City and worked for Entertainment Weekly magazine for ten years, visiting film sets all over the world.

Related

Malaysia's Legacy, Bound for Glory

He's obsessed with control and quick to bash the West, but Mahathir Mohamad has left his mark on Malaysia. It's a simple pocket notebook: buff-colored, 5cm x 8cm, spiral-bound at the top. Malaysian Prime Minister Mahathir bin Mohamad goes nowhere without it.

U.S. Senator Roy Blunt of Missouri

A man born in Niangua, Missouri, entered the world of politics, and he's not backing down.

Arts and Education

The responsibility for culture and education are separated in 2 different departments within the Flemish government. Formal fulltime (vocational) education and part-time arts education are subsumed under the Education Department, funded directly by the Flemish Community.

Dustin Johnson Net Worth

This 37-year-old golfing genius from South Carolina has managed to rack up an impressive net worth of $50 million, however that’s $20 million lower than the record for PGA wins.

Euro 2016 Team of the Tournament - where are they now?

This time next month, the much-anticipated Euro 2020 will have already got underway – with the Stadio Olimpico in Rome kicking things off, as Italy entertain Turkey in Group A.

Kenya's Best Football Prediction Website and Betting Tips

Kenyans love using football prediction websites or betting almost as much as they enjoy watching it. Kenya, according to PricewaterhouseCoopers, is Africa's third largest gambling market. The football betting craze is still on the rise.

New Washington bill would allow mobile sports betting

Game changer recently announced. Washington will pass a new bill to allow sports betting, including card rooms, all available on mobile devices.

Stansberry Research Reviews: Is the company legit or not?

Stansberry Research has been the talk of the town. But still, many are not inclined to believe that it’s a legit business. Even those who are currently investing in the company are doubting if their investments are going to grow or get scammed.

Top 10 Crypto News: 29th of April 2021

Top 10 news for Cryptocurrency

Finance News: Western Union a digital front runner in global payments

Recent financial data shows Western Union is leading global payments network serving over 150 million customers in over 200 countries worldwide for the last 170 years.

© Copyright 2021 The Washington Independent All Rights Reserved

Terms & Privacy | twi.news@washingtonindependent.com