Levers for development of the contemporary economy and society in the world & Israel

Abstract

The global community deals with a higher and higher number of challenges from the traditional competitors and from the emerging economies. The common planning stimulates the efforts in the research field and can lead to obtaining results which would not be possible if each country acted individually. Research and development (R&D) contribute to economic growth, contributes to the approach of a social challenge as poverty, precarious health and environmental degradation. From the author analysis, it results that the European economic environment must eliminate the gap separating it from the Japanese and the American industry to remain in the first line of technology and innovation. Currently (before the Covid 19), the EU notices the objective to invest 3% of the GDP in research-development. It is necessary for the EU, including Israel, to improve the investment conditions of the private sector in the of R&D field. A common approach of R&D and of the innovation would widen the expense range in relation to the transformation of the scientific knowledge in patented processes and products. The European Institute for Innovation and Technology can support this process, promoting the partnerships which create a bridge between education, innovation, research Efforts are made to create on European Research Area, to encourage the transfer of knowledge through the worldwide European researchers’ networks. The cooperation between European countries is encouraged by creating effective infrastructures and through a common decision-making process in terms of research. The author of the article will examine the information, trends, demand of the R&D field in some of the EU countries, US, and compare it to the political situation in Israel. JEL: A13, G3, J2.