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Economic Policies for Growth and Employment

机译:增长和就业的经济政策

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Turning Europe into a leading 'global knowledge-based' economy has become something of an obsession for policy-makers in the EU. From the integrated guidelines of the Lisbon Agenda to the July 2005 announcement of a new scientific European Research Council, considerable effort has been directed towards selling a vision of Europe as a high-skilled, high-technology economy. However, this focus on the 'New' economy mistakes the EU's strengths, weaknesses and their causes. In reality, an improvement in its growth and employment prospects may lie with the decidedly unglamorous economics of labour market reforms and with parts of the 'Old' economy, which still comprises the main engine of growth. This paper, by Gavin Cameron and Nicholas Fawcett, argues that, while innovation and the knowledge base are important, these should not dominate the thoughts of policy-makers at the expense of other, equally important, factors. Systematic reform of the budget, progress on trade reform, along with a better investment climate, offer the opportunity to reallocate resources on the basis of the EU's great strength: its skilled and competent people.
机译:将欧洲变成领先的“全球知识基础”经济已经成为欧盟决策者的痴迷。从《里斯本议程》的综合指南到2005年7月宣布成立新的科学欧洲研究理事会,已经做出了相当大的努力,以期将欧洲视为高技能,高科技的经济体。但是,这种对“新”经济的关注错误地误解了欧盟的优势,劣势及其成因。实际上,其增长和就业前景的改善可能取决于劳动力市场改革的毫无根据的经济学,以及部分“旧”经济仍然构成增长的主要动力。加文·卡梅伦(Gavin Cameron)和尼古拉斯·福塞特(Nicholas Fawcett)撰写的这篇论文认为,尽管创新和知识基础很重要,但这些不应以其他同样重要的因素为代价来主导决策者的思想。预算的系统改革,贸易改革的进展以及更好的投资环境,提供了在欧盟强大实力的基础上重新分配资源的机会。

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