Lisbon Agenda so Far

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Information about Lisbon Agenda so Far

Published on October 8, 2007

Author: gogrowth

Source: slideshare.net

Description

Towards Lisbon 2.1, Mr Jean Pisani-Ferry, BRUEGEL, Brussels, Belgium

Lisbon: An Assessment Jean Pisani-Ferry Ljubljana, 28 September 2007

Outline Where we stand Lisbon assessment : The right diagnosis? Lisbon agenda : The right goals? Lisbon policies : The right medicines? Lisbon process : The right protocol? Conclusion

Where we stand

Lisbon assessment : The right diagnosis?

Lisbon agenda : The right goals?

Lisbon policies : The right medicines?

Lisbon process : The right protocol?

Conclusion

Where we stand 2000: Lisbon strategy for “ Employment, Economic reforms and Social Cohesion ” adopted Ambitious goals for 2010 End-of-boom, “new economy” context Much hype, weak commitment Gradual loss of credibility 2005: Lisbon re-launched with focus on “ Growth and Jobs ” Quasi-stagnation context Enlargement Disillusion and scathing assessment (Kok report) Refocus on growth and jobs Streamlined procedures 2008: End of three-years cycle 2010: Delivery assessment

2000: Lisbon strategy for “ Employment, Economic reforms and Social Cohesion ” adopted

Ambitious goals for 2010

End-of-boom, “new economy” context

Much hype, weak commitment

Gradual loss of credibility

2005: Lisbon re-launched with focus on “ Growth and Jobs ”

Quasi-stagnation context

Enlargement

Disillusion and scathing assessment (Kok report)

Refocus on growth and jobs

Streamlined procedures

2008: End of three-years cycle

2010: Delivery assessment

Assessment : The right diagnosis? The 2000 assessment in context: a new mindset End of a macroeconomic adjustment cycle Realisation that Europe was losing ground vis-à-vis the US Employment, growth, knowledge economy Not substantially changed in 2005 Strong points Identification of key deficiencies in labour input, productivity Weak spots Enlargement China.. On/off Economic / social dimensions Environment

The 2000 assessment in context: a new mindset

End of a macroeconomic adjustment cycle

Realisation that Europe was losing ground vis-à-vis the US

Employment, growth, knowledge economy

Not substantially changed in 2005

Strong points

Identification of key deficiencies in labour input, productivity

Weak spots

Enlargement

China..

On/off

Economic / social dimensions

Environment

Agenda : The right goals? Is the focus on growth justified? Preferences Environmental sustainability A matter for the EU or for national governments? Interdependence Policy learning The euro dimension

Is the focus on growth justified?

Preferences

Environmental sustainability

A matter for the EU or for national governments?

Interdependence

Policy learning

The euro dimension

Policies : The right medicines? Strong emphasis on: Labour market reforms Product market reforms at EU and national levels Less emphasis on: Financial markets ( why ?) Education ( why ?) Issues of policy complementarity (mic/mic, mic/mac) Diversity issue post-enlargement

Strong emphasis on:

Labour market reforms

Product market reforms at EU and national levels

Less emphasis on:

Financial markets ( why ?)

Education ( why ?)

Issues of policy complementarity (mic/mic, mic/mac)

Diversity issue post-enlargement

Process : The right protocol? Variance in ownership Methodology Incentives Benchmarking Budget

Variance in ownership

Methodology

Incentives

Benchmarking

Budget

Conclusions Value of Lisbon remains Larger, more diverse EU is a significant challenge Strengthen the rationale Room for adjustments in Goals (environment, social) Policy instruments (education, financial markets) Effectiveness would require More systematic benchmarking Incentives through budget

Value of Lisbon remains

Larger, more diverse EU is a significant challenge

Strengthen the rationale

Room for adjustments in

Goals (environment, social)

Policy instruments (education, financial markets)

Effectiveness would require

More systematic benchmarking

Incentives through budget

Thank You For Your Attention Jean Pisani-Ferry +32 2 227 4217, jean.pisani-ferry@bruegel.org Rue de la Charité 33, B-1210 Brussels www.bruegel.org

Jean Pisani-Ferry

+32 2 227 4217, jean.pisani-ferry@bruegel.org

Rue de la Charité 33, B-1210 Brussels

www.bruegel.org

What accounts for the income gap

Capital allocation, post-entry growth

The education issue (1)

The education issue (2)

The diversity issue

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