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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.

Suggested Citation

  • Erik S. Reinert, 2006. "European Integration, Innovations and Uneven Economic Growth: Challenges and Problems of EU 2005," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 05, TUT Ragnar Nurkse Department of Innovation and Governance.
    • Handle: RePEc:tth:wpaper:05
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    References listed on IDEAS

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    1. Veblen, Thorstein, 1921. "The Engineers and the Price System," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1921.
    2. Reinert, Erik S., 1995. "Competitiveness and its predecessors--a 500-year cross-national perspective," Structural Change and Economic Dynamics, Elsevier, vol. 6(1), pages 23-42, March.
    3. Jan Fagerberg & Paolo Guerrieri & Bart Verspagen (ed.), 1999. "The Economic Challenge for Europe," Books, Edward Elgar Publishing, number 1821.
    4. Erik S. Reinert (ed.), 2004. "Globalization, Economic Development and Inequality," Books, Edward Elgar Publishing, number 1570.
    5. 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.
    6. 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.
    7. Wesley C. Mitchell, 1929. "Sombart's Hochkapitalismus," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 43(2), pages 303-323.
    8. Carlota Perez, 2004. "Technological Revolutions, Paradigm Shifts and Socio-institutional Change," Chapters, in: Erik S. Reinert (ed.), Globalization, Economic Development and Inequality, chapter 7, Edward Elgar Publishing.
    9. Carlota Perez, 2002. "Technological Revolutions and Financial Capital," Books, Edward Elgar Publishing, number 2640.
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    Cited by:

    1. Valbona Muzaka, 2013. "Intellectual property protection and European 'competitiveness'," Review of International Political Economy, Taylor & Francis Journals, vol. 20(4), pages 819-847, August.
    2. Altuğ Günar & Seyhun Doğan, 2020. "Innovation in The European Union Within The Framework of The Theory of Creative Destruction: An Overview After The Global Financial Crisis 2008," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 5(3), pages 682-705.
    3. Altuğ Günar & Seyhun Doğan, 2021. "Innovation in The European Union Within The Framework of The Theory of Creative Destruction: An Overview After The Global Financial Crisis 2008," Journal of Research in Economics, Politics & Finance, Ersan ERSOY, vol. 5(3), pages 682-705.
    4. Kuc‑Czarnecka, Marta & Saltelli, Andrea & Olczyk, Magdalena & Reinert, Erik, 2021. "The opening of Central and Eastern European countries to free trade: A critical assessment," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 23-34.

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