Ifo study: Germany is stuck in a 'medium-tech trap', which is holding back economic growth
The Ifo Institute linked Europe's weak economic growth to an innovation deficit — a 'medium-tech trap'. In Germany, R&D is concentrated in mechanical engineering and the automotive industry, whereas in the US and China it is in high-tech sectors. The authors call for reforming innovation conditions rather than simply increasing spending.
Sevara Azamova