The Lisbon Review: An Assessment of Policies and Reforms in Europe

Jul 5th, 2015
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At the Lisbon Summit in March 2000, Europe’s heads of state declared their ambition to make the European Union “the most competitive and dynamic knowledge-based economy in the world by 2010.

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THE LISBON REVIEW2002 2003AN ASSESSMENT OFPOLICIES AND REFORMS INEUROPEWorld Economic Forum91-93 route de la CapiteCH-1223 Cologny/GenevaSwitzerlandTelephone: +41 (0)22 869 1212Fax: +41 (0)22 786 2744E-mail: contact@weforum.orgwww.weforum.org 2002 World Economic ForumAll rights reserved.No part of this publication may be reproduced or transmitted inany form or by any means, including photocopying andrecording, or by any information storage and retrieval system.1. The Lisbon Goal: Competitiveness and GrowthAt the Lisbon Summit in March 2000, Europes heads ofstate declared their ambition to make the European Unionthe most competitive and dynamic knowledge-basedeconomy in the world by 2010, capable of sustainableeconomic growth, with more and better jobs and greatersocial cohesion. i This broad objective includes an increasein the employment rate from an average of 61 percent inthe EU today to an average of 70 percent by 2010, or 20million additional jobs, and an EU average annual realgrowth rate of three percent, considerably higher thanthe average of 2.1 percent over the past ten years.Toachieve it, the heads of state adopted the Lisbon Strategy,a far-reaching agenda combining short-term politicalinitiatives and medium- and long-term economic reforms.The Open Method of Coordination, which includesbenchmarking based on quantitative and qualitativeindicators, the setting of specific timetables, and thetranslation of European

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