The results of the “Lisbon agenda” – the attempt to make Europe the world’s most successful knowledge-based economy – are generally thought to have been disappointing. What steps should be taken by the European Union, and by national governments

Type :

Presentation

Pages :

5 pages

Format :

.doc

Published date :

04/20/2007

Category :

Economics & finance

Sub category :

Economics

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Summary :

Introduction
Ambitious goals set
Structural changes
The Lisbon strategy of 2000: The ambitious goal
Research and education
Environment
Conclusion
References

Abstract

In March 2000, the lisbon Strategy was launched to overcome a series of weaknesses in the european economy: long-term structural unemployment, a poor employment rate, and under-development of the service sector. In an often-quoted sentence, it has therefore assigned the EU "a new strategic goal for the next decade: to become the most competitive and most dynamic knowledge-based economy in the world, capable of sustainable economic growth, with more and better and greater social cohesion". The mid-term results published five years after the launch reveal that the focus on knowledge is right but that the sense of urgency is lacking, leaving europe lagging behind the objectives set and behind the benchmark model of the Unites States. Moreover, europe is also loosing ground vis-à-vis other competitors such as China and India, which have been growing at substantially higher rates. The mid-term report also declares that the social and environmental aspects of the lisbon agenda were no longer a priority and that instead the strategy would be revised to focus on the economic context only.
Hence, in order to keep the lisbon strategy alive, drastic changes are necessitated, which this paper aims at presenting. Due to the word limit, only major recommendations from the literature review on the future steps to adopt are offered here. However, due to the complexity of the european situation, the focus is wider than on the sheer economic context.