The SCIFI-GLOW research project focused on finding out how knowledge is created in a globalised world and how firms use their knowledge to create products and increase their sales in the market. The research project looked at connections between knowledge sector organisation and the way that firms behave. The project was able to come up with important policy-relevant findings that may help policymakers to come up with decisions which address the needs of the European society and its economy.
SCIFI-GLOW involved seven countries from Europe in the research. The goal was to find out how markets, firms, and institutions can change scientific advances into innovation. On the first phase, the research tried to reveal as much information as possible about knowledge production. It focused on everything from the work of institutions of higher learning and research institutes to the role of both private and public enterprises. On the second phase, the research focused on the impact of globalisation on the organisation of different firms.
The researchers looked at data from over three million scientific articles which were published from 1998 to 2002. They also looked at citations that the articles received from 1998 to 2007. From their studies, they found out that the EU has received more citations than the US in only seven out of the 22 fields of study since the mid-1990s. The US has a higher mean of citations rates than the EU in all the 22 fields. According to the scientists, this information proves that the notions of a European Paradox are false. The European Paradox suggests that Europe is a scientific leader in the world. However, unlike America, it does not have the entrepreneurial ability to transform its prowess into innovations and jobs.
The researchers felt that even though Europe and the United States have an important role to play in science, they are not the only players. Growing economies play a major role in scientific research and innovations. China, for example, is one of the emerging countries that have made many innovations contributing to scientific production.
The research also tried to investigate the part that international markets play in driving innovation. They looked into Foreign Direct Investment (FDI) and the spillover of knowledge from technological advancement. They examined data from certain automobile companies which operate in China to find out the relationship between FDI and innovation. They concluded that FDI firms are less R&D intensive. However, they are more successful with product innovations than firms which are funded domestically. They found out that firms become motivated to innovate when they are exposed to competition from other firms and international markets. Technological spillovers improve productivity and promote innovations.
The researchers found out that the performance of European countries in terms of science and industry is below expectation. The Lisbon Strategy for EU Growth set goals for research and development, but they have not been met. According to the researchers, there are no sufficient incentives and rewards. If anything, firms have an incentive to perform poorly in terms of research and development.