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The Lisbon strategy and structural reforms in Europe

Author

Listed:
  • Bruno Amable

    (Centre d'Economie de la Sorbonne – University of Paris I and CEPREMAP)

  • Lilas Demmou

    (CEPREMAP)

  • Ivan Ledezma

    (Centre d'Economie de la Sorbonne – University of Paris I)

Abstract

The Lisbon strategy, launched in 2000 to promote growth and employment by developing a highly competitive European economy, is an incoherent mixture of economic liberalism, social democratic aspirations and neo-Schumpeterian technological determinism. This article presents the macroeconomic environment of the Lisbon strategy and calls into question the generally accepted notion that Europe lags behind the USA in terms of productivity and innovation. It discusses the implications of the most important integrated guidelines that member countries should follow to implement the Lisbon agenda and argues that they represent more a neoliberal programme than a renewal of the European social model. This article also presents the results of empirical work that tested the effectiveness of the various market liberalisation measures promoted by the Lisbon agenda. These results show that one should not expect significant results in two key areas: innovation and employment.

Suggested Citation

  • Bruno Amable & Lilas Demmou & Ivan Ledezma, 2009. "The Lisbon strategy and structural reforms in Europe," Transfer: European Review of Labour and Research, , vol. 15(1), pages 33-52, February.
    • Handle: RePEc:sae:treure:v:15:y:2009:i:1:p:33-52
    DOI: 10.1177/102425890901500105
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    References listed on IDEAS

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    1. Bruno Amable & Donatella Gatti, 2006. "Labor and product market reforms: questioning policy complementarity," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 15(1), pages 101-122, February.
    2. Bruno Amable & Stefano Palombarini, 2009. "A neorealist approach to institutional change and the diversity of capitalism," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00345887, HAL.
    3. Amable, Bruno, 2003. "The Diversity of Modern Capitalism," OUP Catalogue, Oxford University Press, number 9780199261147, Decembrie.
    4. Sapir, Andre & Aghion, Philippe & Bertola, Giuseppe & Hellwig, Martin & Pisani-Ferry, Jean & Rosati, Dariusz & Vinals, Jose & Wallace, Helen, 2004. "An Agenda for a Growing Europe: The Sapir Report," OUP Catalogue, Oxford University Press, number 9780199271498, Decembrie.
    5. Richard Freeman, 2005. "Labour market institutions without blinders: The debate over flexibility and labour market performance," International Economic Journal, Taylor & Francis Journals, vol. 19(2), pages 129-145.
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    Cited by:

    1. Kristel Jacquier, 2012. "Public Support for European Integration : A comparative analysis," Post-Print halshs-00768907, HAL.
    2. Samuel Klebaner & Anaïs Voy-Gillis, 2023. "The political economy of French industrial policymaking," Review of Evolutionary Political Economy, Springer, vol. 4(1), pages 49-74, April.
    3. Hans-Jürgen Bieling, 2012. "EU facing the crisis: social and employment policies in times of tight budgets," Transfer: European Review of Labour and Research, , vol. 18(3), pages 255-271, August.
    4. Kristel Jacquier, 2012. "Public Support for European Integration: A comparative analysis," Documents de travail du Centre d'Economie de la Sorbonne 12088, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    5. Kristel Jacquier, 2012. "Public Support for European Integration : A comparative analysis," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00768907, HAL.

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    Keywords

    Lisbon agenda; structural reforms;

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