Europe 2020 Strategy to Help the Union

2675 WordsJul 8, 201811 Pages
To become “the most competitive and knowledge based economy by 2010” was the aim of the Lisbon Agenda set in the year 2000; an economic strategy designed to be implemented across Europe in order to address the challenges posed by an increasing globalised and evolving economy. (Rodrigues, 2009) It was launched as an intention to find a solution to the European Union’s stagnating growth rate which had been ‘structurally lower than that of its main economic partners’ particularly when in comparison to the United States through a set of new policy initiatives. (European Commission, 2010) The ambitious ten year reform programme included aims which targeted promoting the integration of social and economic policy, completing the internal market…show more content…
. The commission highlights the positive aspects and strengths of the Lisbon Strategy to be the focus on growth and job creation. (Europe Commission, 2013) This continuation shows the need for such a drive and an acceptance that such an emphasis is required, as reiterated by the commission who said that the strategy helped to weather the economic and financial crisis (Samardzija & Butkovic, 2010) The strongest and most influential contrast between the strategies when comparing the two is in the economic environment in which the Lisbon Strategy and Europe 2020 were designed and introduced. During the design and implementation of Europe 2020 and still today, the EU and US are still suffering from the consequences of the crisis whilst increasing seeing competition from the BRIC nations and developed global competitors increasing. This is a strong contrast to the economy of the EU during the Lisbon Strategy, which was designed solely to encourage growth that stagnated when comparing to the United States. These economic conditions, focusing not just on the EU context but on that of the global economy can be seen to have impacted and subsequently been reflected in the strategy and change of direction from EU2020’s predecessor, the Lisbon Strategy. (Samardzija & Butkovic, 2010)
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