If by Tech you only mean "software", then what I am about to say it is not relevant.
In my case, I believe "drugs and devices" are also technology.
One of the most important untold stories is the important role that Europe plays still today in the Pharmaceutical and Medical Technology (MedTech) global markets. This story is untold. Two of the very few industries where Europe is still playing a leading role. (For another post: in how many industries is Europe still a relevant actor at the global level?)
Pharma (pharmaceutical-only, worldwide prescription drug sales):
5 of the world's top10 pharma companies are European (not EU): Sanofi (France), Novartis (Switzerland), Roche (Switzerland), AstraZeneca (UK), GlaxoSmithKline (UK).
Considering the massive jump of American technology post WW2,
and starting from the axiom that the electroshock of WW2 was the beginning.
What was the incentive then?
A- The designation of the enemy (i.e. communism) and so « Patriotism».
B-An entrepreneurship spirit with an evident willingness to make big things and create wealth.
C-Both.
From a current perspective, if patriotism were essential, maybe politics would have to push this leverage to come back to these incredible times(with all the kind of risk that we unfortunately know 😱😱😱).
And maybe that’s one of the main reason why in Europe we struggle so deeply for that :
Is multilateralism compatible with innovation? Or Do we need a (designed) enemy to be more creative?
This would definitely be a great next book!
If by Tech you only mean "software", then what I am about to say it is not relevant.
In my case, I believe "drugs and devices" are also technology.
One of the most important untold stories is the important role that Europe plays still today in the Pharmaceutical and Medical Technology (MedTech) global markets. This story is untold. Two of the very few industries where Europe is still playing a leading role. (For another post: in how many industries is Europe still a relevant actor at the global level?)
Pharma (pharmaceutical-only, worldwide prescription drug sales):
5 of the world's top10 pharma companies are European (not EU): Sanofi (France), Novartis (Switzerland), Roche (Switzerland), AstraZeneca (UK), GlaxoSmithKline (UK).
Source: https://www.evaluate.com/thought-leadership/pharma/evaluatepharma-world-preview-2020-outlook-2026
MedTech:
5 of the world's top 15 medtech companies are European: Philips (Netherlands), Siemens Healthineers (Germany), Roche Diagnostics (Switzerland), B.Braun (Germany), Essilor (France).
Source: https://www.evaluate.com/thought-leadership/medtech/evaluatemedtech-world-preview-2018-outlook-2024
Considering the massive jump of American technology post WW2,
and starting from the axiom that the electroshock of WW2 was the beginning.
What was the incentive then?
A- The designation of the enemy (i.e. communism) and so « Patriotism».
B-An entrepreneurship spirit with an evident willingness to make big things and create wealth.
C-Both.
From a current perspective, if patriotism were essential, maybe politics would have to push this leverage to come back to these incredible times(with all the kind of risk that we unfortunately know 😱😱😱).
And maybe that’s one of the main reason why in Europe we struggle so deeply for that :
Is multilateralism compatible with innovation? Or Do we need a (designed) enemy to be more creative?