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From the Lisbon strategy to EU2020: illusion or progress for european economies?

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  • António Brandão Moniz

    () (IET, Universidade Nova de Lisboa, Faculdade de Ciências e Tecnologia)

Abstract

The majority of papers published in the last decades on European Union policy strongly stress the importance of the so-called Lisbon Strategy approved in the year 2000. The same applies to studies and reports on the shift of the European countries towards modernisation and restructuring policy in recent years. This EU development strategy defines a new direction for the coordination of national policies. But why has it become so important? One of the reasons is the fact that many of the papers are based on the concept of “knowledge society” as the key driver for an increased competitiveness of all political and economic regions of Europe. In this context, the term “knowledge” means the inter-linkage of education (including training, qualification, skills) and innovation (including research, information and communication). The use of the concept represents an important shift in the European strategy: further development would not only be based on investment in material infrastructures, but also more on the immaterial ground. However, this Lisbon Strategy was criticised by many politicians and opinion-makers in the first years of this century because the European structures were not prepared for such a quick change. At the same time, the focus for investment moved away from the traditional support of industrial sectors (manufacturing, agriculture and fisheries, construction) towards the “new economy” sectors. The vision of a knowledge society remained appealing also in a changing international context: the Middle East wars (Afghanistan, Iraq and Israel-Palestine) and the fast growth of the Chinese economy. However, the shadows of new recessions have strongly questioned the options made by the European Council. New challenges have emerged with the need to redefine collective strategies in terms of European development as set by the Lisbon strategy. “Europe 2020” is one more attempt to define a new strategy. But at present no clear path has been identified. Whether the programme will bring about progress for the European economies, or is again an illusion, is not yet clear. This shows, however, that new paths and common strategies are still needed in Europe.

Suggested Citation

  • António Brandão Moniz, 2011. "From the Lisbon strategy to EU2020: illusion or progress for european economies?," IET Working Papers Series 01/2011, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology.
  • Handle: RePEc:ieu:wpaper:32
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    File URL: http://run.unl.pt/handle/10362/6003
    File Function: First version, 2011
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    References listed on IDEAS

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    1. Monique Ramioul, 2008. "Work organisation and restructuring in the knowledge society," Enterprise and Work Innovation Studies, Universidade Nova de Lisboa, IET/CICS.NOVA-Interdisciplinary Centre on Social Sciences, Faculty of Science and Technology, vol. 4(4), pages 9-19, November.
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    Cited by:

    1. Magdalena Olczyk, 2014. "Structural Heterogeneity Between Eu 15 And 12 New Eu Members – The Obstacle To Lisbon Strategy Implementation?," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 9(4), pages 21-43, December.
    2. Magdalena Olczyk, 2013. "Lisbon Strategy implementation in 12 New EU Members – multivariate analysis of structural indicators," GUT FME Working Paper Series A 16, Faculty of Management and Economics, Gdansk University of Technology.

    More about this item

    Keywords

    European Union; Lisbon Strategy; knowledge society; innovation;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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