Let the Market In
By EDWARD M. WALSH
DUBLIN — At the start of the decade, Europe set out, in its ambitious Lisbon strategy, to build “the most competitive and dynamic knowledge-based economy in the world” by 2010. Six years away from that goal, EU GDP per capita lags behind the U.S. by over 20%.
The leading research universities in the U.S. have played a key role in driving the knowledge economy forward, while Europe’s once-great universities, with their monastic origins and relatively relaxed ways, have failed to incubate innovation in the same way. The debate underway in … Continue reading...