22 July 2021
If the V4 countries are serious about starting a transition to a knowledge-based economy, they must initiate an urbanisation process, no matter how painful it might be for them.
Innovation seems to be an exclusively urban phenomenon. A recent report ranking the world’s 20 most innovative cities argues that “vibrant innovation ecosystem and deep talent pools within cities are key to boosting productivity, fuelling economic growth, and driving up living standards.”
The report was compiled on the basis of inputs such as R&D expenditures, the quality of higher education, employment in technology industries, the attraction of venture capital, and others.
While San Francisco was ranked as the world’s most innovative city, a number of major Western European cities (London, Paris, Berlin, Stockholm, Munich, and Amsterdam) also made the list, as did three cities in mainland China (Beijing, Shanghai, and Shenzhen). Unfortunately, no Central European city made the list.