Kapsch Sees Austria´s Main Problem in Education Sector

More+Comment ♦ Published: August 22, 2012; 20:06 ♦ (Vindobona)

In the last years, Austria fell behind in all competitive rankings. For the President of the Federation of Austrian Industries Georg Kapsch, education is the key factor.

Kapsch Sees Austria´s Main Problem in Education Sector / Picture: © IV / Markus Prantl

In an interview with “Wirtschaftsblatt”, Kapsch explains why Austria lost a substantial degree of competitiveness in the last years. Besides education, Austria does not invest enough in research and development. “We are stagnating, because we are no attractive R&D location. There are not enough career opportunities and the cooperation between universities and the industrial…