Globalisation has rendered us increasingly inter-dependent with massive opportunities and also risks/challenges as a result. Driven by technological advances from transport, to communications, and electronic networks, globalisation has delivered important advancements in terms of movement and exchange of people, ideas, values, resources, commodities and finance.
The reason why Europe has fallen behind, quite simply, is money. Whilst funding of many European universities is being eroded all the time, countries like China are investing amounts unimaginable to us in facilities. Their scientific quality generally stills falls short of ours, but their facilities are well ahead.