Achieving the Lisbon Strategy: Compensating for Lost Time
Warsaw School of Economics, Institute for International Studies, Economic Papers, Vol. 38, pp. 21-30, 2005
13 Pages Posted: 18 Mar 2013 Last revised: 4 Jan 2016
Date Written: March 8, 2013
This 2005 paper evaluates the Lisbon Strategy that aimed to transform the European Union into the world’s most dynamic and competitive economy between the years 2000 and 2010. The paper notes that the European Union is not meeting the strategy’s goals due to a sluggish internal market, lack of reform in national labor markets, and the failure to maximize trade relations. For a better chance of success, the European Union requires better enforcement mechanisms and the Lisbon Strategy needs to become a national priority in individual member countries.
Keywords: Lisbon Strategy, European Union, economy
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