Publication detail

Lisbon Strategy - Main Directions and Instruments

Author(s): † prof. Ing. Luděk Urban CSc., Jean Monnet Professor,
Type: IES Working Papers
Year: 2003
Number: 44
ISSN / ISBN:
Published in: IES WP 2003/44
Publishing place: Prague
Keywords: European Union, European Council, strategy, information society, globalization, knowledge-based economy, innovation, sustainable growth,competitiveness, social cohesion
JEL codes:
Suggested Citation:
Abstract: Lisbon Strategy agreed by the European Council in the spring 2000 is aiming to facilitate the European Union to become in the period up to 2010 " the most competitive and dynamic knowledge-based economy in the world capable of sustainable growth with more and better jobs and greater social cohesion". The program is the response on the one side to the weak performance of the Union ( high rates of unemployment, falling behind in the research area and in the innovation activity, barriers in the start-up of the enterprises, social exclusion),on the other side to the new challenges of the external environment ( globalisation,new economy).All these facts call for a "radical transformation of the European economy".
Nine directions of the transformation were outlined : 1. Information society for all, 2. European research area, 3. Elimination of barriers facing enterprises, in particular small and medium ones, 4. Economic reform linked with completing the Internal market, 6. Integrated financial markets, 7. Active employment policy, 8. Modernisation of the European social model and 9. Sustainable development and quality of life. All directions have a common goal: to contribute to the economic, social and ecological "renewal"" of Europe, to revitalise the European economy, to exploit fully its potencial and enhance the competitiveness against the main trade rivals, USA and Japan. No special institution has been formed, no entirely new instrument has been applied to manage the new strategy. A particular role will be played by the European Council, which has become the managing, monitoring and evaluating institution.Each year the spring summit of the European Council deals with the state of the strategy and its new priorities. New member countries were invited to take an active part in the Lisbon process. The proposal to adapt the directions of the strategy in view of the current enlargement has been rejected. The objectives of the Lisbon strategy are common for both the current and new member countries.
Downloadable: WP 44

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