Europe falling behind
Filed in archive Global Economy on November 17, 2005
McKinsey has published a new report saying that Europe is in Acute danger to loose its edge as business location for high tech companies.
The report finds only 17% of the world's biggest high tech companies in Europe. Especially damaging is the picture within the software industry where only 3 European companies reach a level of 1 billion Euro in revenues.
14 US companies have mastered this.
Time for change in Europe?
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Tags: europe high technology entrepreneurship behind europe+falling falling+behind venture+capital
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