European Integration, Innovations and Uneven Economic Growth: Challenges and Problems of EU 2005

Erik Reinert ()

The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics from TUT Ragnar Nurkse Department of Innovation and Governance

Abstract: At the end of 2005 the process of European integration seems to have reached a serious crisis. The aim of the paper is a preliminary exploration of factors that have lead to the situation. The main emphasis is given to the European Union’s Lisbon Strategy. Although the strategy represents a healthy theoretical shift towards a dual emphasis on innovations as the basic engine of economic growth and on social cohesion in order to mitigate the uneven economic growth that necessarily follows in a dynamically innovative society, the shift also carries several problems of theoretical, contextual and didactical nature. Therefore, the author is in the opinion that the present situation of Europe requires more than the Lisbon Strategy’s list of good intentions focusing around innovations – it needs to bring back economic thinking and economic tools that dominated the period after World War II.

Pages: 33 pages
Date: 2006-02
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Citations: View citations in EconPapers (4)

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