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Studies in Business and Economics

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From The Lisbon Strategy To Europe 2020

Paul Lucian
  • Lucian Blaga University of Sibiu, Romania
Published Online: 2015-09-25 | DOI: https://doi.org/10.1515/sbe-2015-0020

Abstract

The idea of a Western Europe economic recovery occurs after World War II. First as a common market, and later, after enlargement towards Central and Eastern Europe as the single internal market. Due to the new challenges with which the global economy was faced, the longterm and short-term European economy needs a coherent growth economic strategy; the success of this strategy depends on joint action. Expanding the European economy is a continuous and irreversible process, yet it advances too slowly. The Lisbon strategy is a commitment to revive the European economy in all sectors. At 5 years after implementation of this strategy it was found that the results are insufficient, so meetings were held to relaunch the Lisbon Strategy. The success of the Lisbon Strategy (2000-2010) established different opinions from European political leaders. Due to the challenges of the globalized world, the objective of the Lisbon Strategy after 2010 remained valid and recognition of the failure of the Lisbon Strategy has been transformed into formulating a new strategy, namely "Europe 2020", whose objectives are more affordable and easier control. The "Europe 2020" strategy is a mechanism of coordination of several policies, such as social policy, education, research and energy, which are the competence of national governments. The E.U. aims to further improve the competitiveness of the global economy, and promoting their interests. Under the new strategy, each Member State must assume bold development objectives for their economies, and in accordance to tradition. The competitiveness of the EU economy is directly influenced by the political stability of Europe.

Keywords: strategy; economic recovery; competitiveness; globalization; national competences and Community competences

References

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About the article

Published Online: 2015-09-25

Published in Print: 2015-08-01



Citation Information: Studies in Business and Economics, ISSN (Online) 2344-5416, DOI: https://doi.org/10.1515/sbe-2015-0020. Export Citation

© 2015. This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License. (CC BY-NC-ND 3.0)

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