Conditions And Prospects For Development Of Innovation In EU Economies In Light Of The Europe 2020 Strategy

The purpose of this paper is to explain the essence of the Europe 2020 Strategy, with particular emphasis on development projects in the field of innovation;to assess the level of innovation in the EU economies in comparison to the U.S., Japan and South Korea, and to describe the conditions for the development of the EU economic area in light of the Strategy program objectives. The paper consists of three parts. The first part outlines the essence and objectives of the Europe 2020 Strategy. The second part contains an analysis of the level of innovativeness of the EU economies compared with U.S., Japan and South Korea. The third part focuses on the conditions and prospects for the development of innovative economies in the European Union