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Learning from Latin America's Experience: Europe's Failure in the "Lisbon Process"

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  • Tausch, Arno

    (University of Innsbruck)

  • Heshmati, Almas

    (Jönköping University)

Abstract

The current paper investigates the cross-national relevance of Latin American "dependencia theory" for five dimensions of development (democracy and human rights, environment, human development and basic human needs satisfaction, gender justice, redistribution, growth and employment) on a global scale. It tries to confront the very basic pro-globalist assumptions of the "Lisbon process", the policy target of the European leaders since the EU's Lisbon Council meeting in March 2000 to make Europe the leading knowledge-based economy in the world with a "Latin American perspective". A realistic and politically useful analysis of the "Lisbon process" has to be a "Schumpeterian" approach. First, we analyze the "Lisbon performance" of the world economy by multivariate, quantitative means, looking into the possible contradictions that might exists between the dependent insertion into the global economy and other goals of the "Lisbon process". Dependency from the large, transnational corporations, as correctly predicted by Latin American social science of the 1960s and 1970s, emerges as one of the most serious development blockades, confronting Europe. Secondly, we analyze European regional performance since the 1990s in order to know whether growth and development in Europe spread evenly among the different regions of the continent. It emerges that dependency from the large transnational corporations is incompatible with a balanced, regional development. Finally, we discuss cross-national and historical lessons learned from the views of dependency and Schumpeterian perspectives for current policy-making in Europe, and opt for an industrial policy approach in the tradition of former EU-Commission President (1985-1995) Jacques Delors.

Suggested Citation

  • Tausch, Arno & Heshmati, Almas, 2010. "Learning from Latin America's Experience: Europe's Failure in the "Lisbon Process"," IZA Discussion Papers 4779, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp4779
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    References listed on IDEAS

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    4. StevenN. Durlauf & Andros Kourtellos & ChihMing Tan, 2008. "Are Any Growth Theories Robust?," Economic Journal, Royal Economic Society, vol. 118(527), pages 329-346, March.
    5. Almas Heshmati & Arno Tausch & Chemen S. J. Bajalan, 2008. "Measurement and Analysis of Child Well-Being in Middle and High Income Countries," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 5(2), pages 187-249, December.
    6. Heshmati, Almas, 2004. "The World Distribution of Income and Income Inequality," IZA Discussion Papers 1267, Institute of Labor Economics (IZA).
    7. Andersen, Torben M. & Herbertsson, Tryggvi Thor, 2003. "Measuring Globalization," IZA Discussion Papers 817, Institute of Labor Economics (IZA).
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    Cited by:

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    2. Georgiana-Raluca Ladaru & Florian Marin & Ionica-Ionelia Diaconu, 2018. "The Situation of the Absorption of European Structural and Investment Funds in Romania during the Programming Period 2014-2020," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(3), pages 45-52, July.
    3. Coro CHASCO & Maricruz LACALLE-CALDERON & Javier ALFONSO-GIL, 2017. "Key determinants of civil liberty: a spatial analysis of 175 countries for the year 2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(2), pages 19-32.
    4. Mehmet Çolak & Aylin Ege, 2013. "An Assessment of EU 2020 Strategy: Too Far to Reach?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 110(2), pages 659-680, January.

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    More about this item

    Keywords

    Dependency theory; Latin America; European Union; Lisbon process;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General

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