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Unformatted text preview: EUROPE EU 'is 50 years behind the US for innovation'. By TOBIAS BUCK 475 words 13 January 2006 Financial Times London Ed2 Page 8 English (c) 2006 The Financial Times Limited. All rights reserved The European Union's record on innovation is so poor that it would take more than 50 years to catch up with the US, according to a survey presented by the European Commission yesterday. The Innovation Scoreboard compares the performance of the 25 EU countries with the US, Japan and several other nations, and ranks them according to factors such as the number of science and engineering graduates, patents, research and development spending and exports of high-technology products. The survey finds that only four EU countries - Sweden, Finland, Denmark and Germany - can compete with the US and Japan in terms of innovative abilities. "The innovation gap between the EU25 and Japan is increasing and the one between EU and US is close to...
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