TITLE

FINANCING A RESEARCH-DEVELOPMENT ACTIVITY IN CONDITIONS OF ECONOMIC CRISIS. A COMPARATIVE STUDY

AUTHOR(S)
RUS, Mircea-losif
PUB. DATE
May 2013
SOURCE
Metalurgia International;May2013, Vol. 18 Issue 5, p276
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The research activity has seen, in terms of funding, in conditions of economic crisis, a variable evolution, depending on die capacity of countries to adapt to the situation of the economic crisis. Not by chance is said that research can be the engine of the economy. The capacity of these countries to adapt to the economic crisis depended heavily on the ability to provide the resources needed to finance research. Even if financial resources were limited, some countries continued to fund research and to maintain it close to the place it was before the crisis. In western countries, especially, research is funded mainly in the private sector, while in Eastern countries such funding is, in particular, through allocations from the state budget. The comparative study presented in this paper on this issue is enlightening. In finding research activities it must been taken into account the two EU programs: „Europe 2020“ and „Horizon 2020“, which will finance, in particular, the innovation activity and will seek to stimulate the research activity in SMEs.
ACCESSION #
86444133

 

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