In a changing world, Europe has to modernise, reform and adapt to seize the opportunities of globalisation. This is the only way to guarantee our prosperity in the face of competition from emerging economies such as China and India.
It is becoming increasingly evident that, in order to meet the new challenges, promoting innovation should be a key objective. Only through innovation we can accelerate productivity growth, as well as safeguard and boost employment in the face of ever stiffer competition.
