Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-12-Speech-4-247-093"
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"en.20110512.25.4-247-093"2
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"Innovation in many respects is the key to economic growth. Already by the second half of the twentieth century, the most respected growth economists had understood that innovation is one of the main variables for leveraging falling profits. This is how we made the transition from the growth models of the 1950s, according to which the economy sooner or later stabilises and loses its momentum, to the endogenous growth models of the 1980s, in which technology and the design of constantly different and innovative products allow the economy to maintain a positive growth rate over the long term. In order to set these leverage mechanisms in motion, which, from now until 2020, will take the form of research, energy efficiency and internationalisation targets, particularly in small and medium-sized enterprises, there needs to be a strong political desire to activate incentives and orientation mechanisms. These are the responsibility of the Member States, and European funding can provide them with valid support. Resources are limited due to the crisis, and the directives in Europe 2020 need to go hand in hand with strong fiscal and industrial policies on the part of the European governments."@en1
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