The landscape of technological innovation across the world is changing, and doing so rapidly. The extent of competitive challenge faced by European enterprises in the knowledge economy from the emergence of Asian technology powerhouses, and in particular by the likes of China and India, is a genuine reflection of the changes now taking place in the international economy.

European politicians and business leaders need to become more aware of the current and future innovative capacity that these countries are creating for themselves. To be sure, Europe continues to enjoy singular competitive advantages in the sophistication of its knowledge industries, but this is most certainly no time for complacency. Instead, an outward facing strategy is required in order to grasp opportunities for partnership with Asia, whilst also recognising and responding to potential threats to Europe’s current advantage in innovation from Asia. Read the rest of this entry »