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European Integration, Innovations and Uneven Economic Growth: Challenges and Problems of EU 2005

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  • Erik S. Reinert

Abstract

At the end of 2005 the process of European integration seems to have reached a serious crisis. The aim of the paper is a preliminary exploration of factors that have lead to the situation. The main emphasis is given to the European Union’s Lisbon Strategy. Although the strategy represents a healthy theoretical shift towards a dual emphasis on innovations as the basic engine of economic growth and on social cohesion in order to mitigate the uneven economic growth that necessarily follows in a dynamically innovative society, the shift also carries several problems of theoretical, contextual and didactical nature. Therefore, the author is in the opinion that the present situation of Europe requires more than the Lisbon Strategy’s list of good intentions focusing around innovations – it needs to bring back economic thinking and economic tools that dominated the period after World War II.

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Paper provided by TUT Ragnar Nurkse School of Innovation and Governance in its series The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics with number 05.

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Length: 33 pages
Date of creation: Feb 2006
Date of revision:
Handle: RePEc:tth:wpaper:05

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Web page: http://www.ttu.ee/hum
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  1. Jan Fagerberg, 1999. "The Economic Challenge for Europe: Adapting to Innovation-Based Growth," Working Papers 2, Centre for Technology, Innovation and Culture, University of Oslo.
  2. Erik S. Reinert, . "Competitiveness and its predecessors - a 500-year cross-national perspective," STEP Report series 199403, The STEP Group, Studies in technology, innovation and economic policy.
  3. Erik S. Reinert, 1999. "The role of the state in economic growth," Journal of Economic Studies, Emerald Group Publishing, vol. 26(4/5), pages 268-326, September.
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