Yet another sign that the expansion of the EU hasn't made Europe a more dynamic happening place.
The United States spent 2.7 percent of its 2000 budget on research and development and Japan 3.0 percent, while EU nations have lagged behind since the mid-1990s, according to OECD data.
The U.S. government also plans to increase spending by more than 20 percent over the 2001-03 period, and Japan's budget has also been expanded, the letter said, adding, "No corresponding dynamism is visible generally throughout Europe, although there are exceptions like the United Kingdom."
If the EU could bring itself to abandon its Common Agricultural Policy it could use the CAP money to put Europe into the top ranks in research funding. Abandoning CAP would also allow European food prices to fall 20%. Yes, that is right. Eastern Europe's food prices are going to go up 20% when those countries join the EU. This is progress? Seems retarded to me.
|Share |||By Randall Parker at 2002 December 12 04:26 PM Europe and America|