Mid-term assessment of the Lisbon Strategy launched on March 2000 showed not very satisfactory results. By establishing an effective internal market, by boosting research and innovation and by improving education, the aim was to make the European Union “the most dynamic and competitive knowledge-based economy in the world” by 2010. However, the implementation of reform in Member States has been quite scarce. The reform package consists of 28 main objectives and 120 sub-objectives, with 117 different indicators.
To remedy this lack of commitment of Member States, the Commission proposed to establish a new kind of partnership with Member States. It also decided to focus efforts on two main areas: productivity and employment. To make things simpler and more coherent, there should be just one national growth programme and one EU growth plan. The European Union cannot boost productivity and employment if Member States do not do their part.
Key areas of the revised Lisbon strategy:
– Effective Internal Market
– Free & fair trade
– Better regulation
– Improving European infrastructure
– Investing in Research & Development
– Boosting innovation
– Creating a strong industrial base
– More and better jobs
– Adaptable workforce
– Better education and skills