Corvinus
Corvinus

The 3 per cent Barcelona Target: A Critical Appraisal of the Failure of the Lisbon Strategy’s Knowledgebased Economy and Society Project

Fekete, László (2012) The 3 per cent Barcelona Target: A Critical Appraisal of the Failure of the Lisbon Strategy’s Knowledgebased Economy and Society Project. In: China - EU Cooperation for a Sustainable Economy. Corvinus University of Budapest, Budapest, pp. 73-102. ISBN 978-963-503-497-0

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Abstract

Ten years after the unanimous approval of the Lisbon Strategy at a special meeting of the European Council on 23-24 March 2000 in Lisbon, it will be inevitable for the European Council, the European Commission and the majority of the EU member states to face with its fi asco and to account for the reasons of their fundamental policy, governance and economic failures in 2010. The recent turbulence of the global economy offers some excuses for the underperformance of the main objectives of the Lisbon Strategy in the essential social and economic domains, like job creation, economic growth, and environmental sustainability. Negative growth rates, macroeconomic and fi nancial instability, the contraction of the internal and external markets of the European economy, drop in demand for capital investment, goods and services, sinking corporate revenues, depreciation of corporate assets, increasing private and public indebtedness, falling rate of employment, weakening social cohesion, widening social inequality, and so forth not only deprive the majority of the EU member states of fulfi lling the main objectives of the Lisbon Strategy but also drive them into worse social and economic conditions in many policy domains than they were in 2000.

Item Type:Book Section
Uncontrolled Keywords:Lisbon strategy, Innovation, R&D, Knowledge economy and society
Subjects:Knowledge economy, innovation
Projects:TÁMOP
ID Code:1555
Deposited By: Ádám Hoffmann
Deposited On:09 May 2014 10:32
Last Modified:09 May 2014 10:32

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