European paradox

The European paradox is the perceived failure of European countries to translate scientific advances into marketable innovations. The term was coined in a European Commission Green Paper in 1995. Recently, several articles questioned both the theoretical interpretation upon which the paradox conjecture is based and its empirical underpinnings. The European paradox is the perceived failure of European countries to translate scientific advances into marketable innovations. The term was coined in a European Commission Green Paper in 1995. Recently, several articles questioned both the theoretical interpretation upon which the paradox conjecture is based and its empirical underpinnings.