A G2 for science, the rise of China in science: implications for Europe

Prof Dr. Reinhilde Veugelers, KULeuven

As part of the overarching process of globalisation of the world economy, also science is increasingly globalizing. With the emerging economic powerhouses, particularly China, building up their own scientific capabilities, the question arises whether Western economies are losing their edge in new scientific developments that can lay the foundations for new growth areas. Will their strategies targeted at supporting knowledge-based growth, like the EU's 2020 strategy, still be able to deliver sustainable international competitiveness? The presentation will provide evidence on the globalization of science, showing a startling targeted growth of Asia, most notably China. Although fears are mounting in the US that their open model for building scientific power is ending, for the moment the US-China nexus is still strong, growing, virtuous and mutually beneficial. With its more inward looking perspective, the EU has to switch gears if it wants its seat on the global science scene.

About the speaker
Prof Dr. Reinhilde Veugelers is a full professor at KULeuven (BE) at the Faculty of Economics and Business, where she teaches international business economics and game theory. From 2004-2008, she was on academic leave, as advisor at the European Commission (BEPA), and a member of Commissioner Potocnik’s Knowledge for Growth expert group. She is currently a Senior Fellow at Bruegel (www.bruegel.org) and a CEPR Research Fellow (www.cepr.org). She was a visiting scholar at Northwestern University’s Kellogg Graduate School of Management, Sloan School of Management, MIT, Stern Business School, NYU (US), and is currently visiting faculty at the MSI program of the Barcelona GSE. With her research concentrated in the fields of industrial organisation, international economics and strategy, innovation and science, she has authored numerous publications in leading international journals.

Venue: Conference Room

Date: 26 January 2012

Time: 12:30 - 13:30  CET