What Makes Countries Competitive? The European View
December 21, 2006 
"What makes some countries more competitive than others?" asked Viviane Reding, the EU's commissioner for information society and media. "These are the countries that focus their investments on research and technological innovation. They have well-developed infrastructures and institutional frameworks and they have introduced sufficient flexibility to support efficient markets. 
Reding (R) with former U.S. Secretary of State Madeleine Albright"There is also consensus," continued Reding in a speech yesterday in Brussels, "that faster growth during the last decade has been related to higher investments in ICT [information and communication technologies]. The highest-performing countries have been those that have been more innovative in ICT products and services and more active in adopting such innovations in other sectors of the economy, in particular in the service sectors."
Europe, said Reding is the world industrial and technology leader in essential ICT fields such as mobile and broadband communications.
She cited Europe as a world leader in telecommunications, embedded systems, photonics, microsystems, nano-electronics, and media technologies, and said that European technology is the basis of key developments such as Web browsing, music compression, ADSL, voice over IP and open source operating systems.
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