Enabling sustainable growth through the implementation of EU 2020 strategy-is it viable? (original) (raw)
Related papers
MPRA Paper, 2018
The challenges faced by the EU and implicitly the European model of development are both new and complex. Achieving the Europe 2020 objectives can be a key point in the future decision and can offer the oportunity to analize the sustainability of the economic development model. Considering the failure of the Lisbon Strategy, the European Commission proposed for 2020 the achievement of five measurable objectives which refers to: employment, research and innovation, climate change, energy, education and the fight against poverty. This paper try to analyze the socioeconomic performances of the European Union' submodels, and the possibility that the submodels achieve the goales of Europa 2020 Strategy.
Review of European Studies, 2020
In this paper, an analysis of the Europe 2020 strategy indicators has been carried out. The strategy defined three priorities for European countries: Smart, Inclusive and Sustainable growth. These goals (developing an economy based on knowledge and innovation, fostering high employment levels, and promoting a more resource-efficient and greener economy) were measured by eight headline indicators, related to employment, research and innovation, renewables and energy, education and poverty. For each indicator, a target has been set, and the eight indicators are subject to regular statistical monitoring and reporting. Europe 2020 is perhaps not a complete set of indicators for measuring the progress of societies and the quality of life of their citizens, but it is a very important recognition of European institutions that GDP alone is not enough and that it must necessarily be integrated with measures that take into account equity and sustainability. The paper analyses the trends of the Europe 2020 indicators, considering the target reached or not, synthesizing the results using an Alkire-Foster method and clustering the 27 European countries, in order to highlight convergence processes among the Member States (MSs) in the ten years taken into account by the Strategy. After almost10 years, the EU has not reached most of the targets set in 2010, and many MSs are well behind schedule.
Review of Economic and Business Studies
Eight indicators corresponding to the targets of "Europe 2020" Strategy were used to estimate the deviation of EU Member-States from their targets. The study showed that: i) the distance to the employment target of 75 % of people aged 20-64 years has narrowed, ii) the expenditure for R&D as a percentage of GDP are still below the target of 3%, iii) the reduction of greenhouse gas emissions in ESD sectors by 20 % compared to 1990 levels are still below the target, iv) the increase of the share of renewable energy in final consumption to 20 % remains just below the target, v) the move towards a 20% increase in energy efficiency shows a good prospect, vi) the reduction of school drop-out rates to less than 10 % is steadily approaching its target, vii) the share of population aged 30-34 having completed tertiary education to at least 40 % is steadily approaching its target, viii) the lifting at least 20 million people out of risk of poverty was not achieved.
A Post-GDP Critique of the Europe 2020 Strategy
Procedia - Social and Behavioral Sciences, 2013
2012 is the year the European Commission will conduct an assessment of its roadmap on "GDP and beyond: Measuring progress in a changing world". The paper gives an overview of the limits to GDP and the relevance to measuring social capital and sustainability. The arguments and evaluations on limits to growth made by Joseph Stiglitz, Tim Jackson, Amaryta Sen and other academics are employed. This report examines the overarching EU strategy to replace the Lisbon Strategy, the Europe 2020 Strategy, with Beyond GDP arguments. Then the room for the Europe 2020 Strategy to promote wellbeing and sustainability is evaluated. The report assesses the approach to promoting growth and jobs; poverty reduction; sustainability; and education in the EU strategy. In conclusion, the report will look at what efforts are being made at the EU level to promote statistical capabilities and political momentum to go beyond GDP.
Sustainable Development in EU Countries in the Framework of the Europe 2020 Strategy
Processes
The Europe 2020 Strategy was proposed with a long-term vision to ensure prosperity, development, and competitiveness for the member countries. This strategy is divided into three main areas named “growth”. One of these is sustainable growth. This is an area of sustainability, where the partial targets are referred to as the “20-20-20 approach”, and includes a reduction of greenhouse gas emissions, an increase in energy efficiency, and the sharing of renewable energy sources. However, questions arise, including: How do member states meet these targets? Which countries are leaders in this area? According to these stated questions, the aim of this article is to assess how EU countries are meeting the set targets for sustainable growth resulting from the Europe 2020 strategy and to identify the countries with the best results in this area. We looked for answers to these questions in the analysis of sustainable indicators, which were transformed into a synthetic measure for comparability...
Mid-term Review of the Europe 2020 Strategy
Afro Eurasian Studies Journal, 2015
Employment and unemployment, which has become a common problem of the globalizing World since 1990's, were the leading critical issues of labour market in the EU countries that were deeply aff ected from the global fi nancial crisis occurred in 2008. Th e employment and unemployment problems that have become a common concern and interest of the Union have been built on an integrated approach including smart, sustainable and inclusive growth priorities and a business concept compatible with human dignity in 2010 through the Europe 2020 Strategy. Th e progress of achieving the targets of the Europe 2020 Strategy, which is almost at the end of its 5th year, and the effi ciency of its policies requires a mid-term evaluation. Th is evaluation is considered as an important tool with respect to make a positive contribution towards the achievement of 2020 targets and priorities. In this context, the Europe 2020 Strategy was discussed in terms of its all aspects and then the targets of the strategy was subjected to a mid-term evaluation and ultimately how the development and progress over 5 years is refl ected in labour market in the EU countries was analyzed in general.
Macroeconomic effects of the Europe 2020 strategy
Socialiniai tyrimai, 2012
The paper aims at analysing the macroeconomic effects of the Europe 2020 Strategy taking into account economic growth theories. The research problem relates to defining differences how various EU policies, materializing themselves through statistical indicators, impact the EU economic growth as well as how different EU member states are regarding the implementation of Europe 2020. It consists of 3 interrelated parts. The first one presents the analysis framework, i.e. describes the theories of economic growth and methods, such as correlation analysis and cluster analysis, and a data set, i.e. GDP indicators, Europe 2020, macroeconomic imbalances, fiscal indicators and the innovation index. The second part analyses the results of correlation analysis between GDP growth rates and GDP per capita as a dependant variable and 17 other indicators. On the EU level the level of innovations, energy efficiency, current account balance and expenditures for R&D over 2000-2010 ha the strongest impact on economic growth with the correlation coefficient above 0.7. The third part presents the results of cluster analysis. The EU member states are quite different regarding the Europe 2020 indicators, thus 5 identical clusters were obtained, such as the power of Europe, Scandinavian excellence, the Southern path, the middle class Europe, the poverty Europe.
Polish Political Science Yearbook, 2020
The paper presents the results of the research over the measurement of the progress in the realization of the objectives specified in "Europe 2020-a strategy for smart, sustainable and inclusive growth" in 2016 in comparison with 2010. The analysis availed itself of the statistical data of Eurostat which describes the main indicators of the strategy for all member states of the European Union. The available empirical data allowed for constructing a synthetic measure reflecting the progress in realizing the objectives specified in the Strategy. The analysis of the values that the said measure assumed became a basis for creating a rating of EU member states for two distinct years that were subject to scrutiny. Also, there was specified the variation in the value of the said measure and the changes in the positions occupied by particular states in the mentioned rating. What was also conducted was a cluster analysis, which allowed for dividing the scrutinized countries into groups in case they are described by more than one property. Except for this and as compared to all the previous works on the subject, the method of the construction of the synthetic measure was considerably sharpened.
Promoting sustainable and inclusive growth and convergence in the European Union
2019
The European Union can look ahead at the next five years from a good economic position. Employment is comparatively high, the recovery has been uninterrupted for several years and income inequality remains less pronounced than elsewhere in the world. But the EU faces nevertheless formidable economic challenges. In the short-term, there is the potential for strong macroeconomic weakening, resulting partly from uncertainty generated by the global trade conflict. The EU also has a long-term growth and productivity weakness. Finally, the EU, especially the euro area, suffers from a lack of convergence and its social cohesion is threatened. The EU must put together a European growth strategy that focuses on innovation while addressing climate change and improving social cohesion. Growth requires investment, research and innovation. While the current debate on industrial policy is welcome, the EU should be careful to maintain, or even improve, the conditions for growth in Europe and must ...
Quality & Quantity, 2016
The European Union (EU), striving to create economic dominance on the global market, has prepared a comprehensive development programme, which initially was the Lisbon Strategy and then the Strategy Europe 2020. The attainment of the strategic goals included in the prospective development programmes shall transform the EU into the most competitive economy in the world based on knowledge. This paper presents a statistical evaluation of progress being made by EU member states in meeting Europe 2020. For the basis of the assessment, the authors proposed a general synthetic measure in dynamic terms, which allows to objectively compare EU member states by 10 major statistical indicators. The results indicate that most of EU countries show average progress in realisation of Europe's development programme which may suggest that the goals may not be achieved in the prescribed time. It is particularly important to monitor the implementation of Europe 2020 to arrive at the right decisions which will guarantee the accomplishment of the EU's development strategy.