Structural Reforms: A European Perspective
The resilience of the EU Member States to the onslaught of the 2008 financial crisis depends not only on the countries’ ex ante budgetary position, but also on the strength of the structural policy framework. While the Member States with a good track record of structural reforms have not been able to avoid the impact of the crisis, they appear to be recovering more rapidly than countries with a poor record. Looking forward, the Europe 2020 strategy provides a new framework for structural reforms in the European Union: it builds on the lessons learned from the Lisbon strategy, recognising its strengths (the right goals of growth and job creation) but addressing its weaknesses (problem of governance, poor implementation, with big differences between EU countries in the speed and depth of reform). Nevertheless, the perception of only limited change in comparison with the Lisbon strategy is widespread. The paper offers some ideas on how to further strengthen implementation of needed reforms: first, a better monitoring of the reform effort through the systematic collection of data measuring the extent of reforms undertaken; second, sound and convincing analysis illustrating the net gains derived from the reforms undertaken; and third, a better monitoring of EU product markets and sectors, which could provide a more rigorous basis for regulatory reform proposals.
Volume (Year): L (2011)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.cairn.info/revue-reflets-et-perspectives-de-la-vie-economique.htm|
When requesting a correction, please mention this item's handle: RePEc:cai:rpvedb:rpve_503_0013. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.