European R & D Projects and Initiatives

During the 1980s the economies of the EC member states were subjected to far-reaching structural change, a programme of development that was designed to stabilise inflation, growth rates and the external trade balance, for example. These structural changes produced increases in living standards and general prosperity that is unparalleled in modern economic history. Importantly, it is widely recognised that these successes have been closely related to the consolidation of the technical basis on which the European economy is built