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International Business Times

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Europe Cannot Let US, China Be 'Technological Leaders': Nobel Laureate Aghion

European Union Philippe Aghion Europe United States China Joel Mokyr Mario Draghi Peter Howitt The United States Economics

Aghion said Europe has lagged behind the United States in terms of wealth due to its failure to implement high-tech innovations (Credit: AFP)

One of the winners of this year's Nobel economics prize, France's Philippe Aghion, on Monday warned Europe that it must not let the United States and China dominate technological innovation.

Aghion shared the Nobel with American-Israeli Joel Mokyr and Canada's Peter Howitt for work on technology's impact on sustained economic growth.

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