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An Agenda for a Growing Europe
The Sapir Report
André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, and Helen Wallace
with Marco Buti, Mario Nava, and Peter M. Smith
236 pages
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tables
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234x156mm
978-0-19-927148-1
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Hardback
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04 March 2004
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This item is printed to order and supplied on a firm sale basis. Items which are printed to order are normally despatched and charged within 5-10 days.
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- Insights from a high-level team of leading economists and business people on the critical issue of European economic performance
- Clear recommendations provide a substantial base for policy development
Over the past decade European economic integration has seen considerable institutional success, but the economic performance of the EU has been varied. While macroeconomic stability has improved and an emphasis on cohesion preserved, the EU economic system has not delivered satisfactory growth performance.
This book is the report of a high-level group commissioned by the President of the European Commission to review the EU economic system and propose a blueprint for an economic system capable of delivering faster growth along with stability and cohesion. It assesses the EU s economic performance, examines the challenges
facing the EU in the coming years, and presents a series of recommendations.
The report views Europe's unsatisfactory growth performance during the last decades as a symptom of its failure to transform into an innovation-based economy. It has now become clear that the context in which economic policies have been developed has changed fundamentally over the past thirty years. A system built around the assimilation of existing technologies, mass production generating economics of scale, and an industrial structure dominated by large firms with stable markets and long term employment patterns no longer delivers in the world of today, characterized by economic globalization and strong external competition. What is needed now is more opportunity for new entrants, greater
mobility of employees within and across firms, more retraining, greater reliance on market financing, and higher investment in both R&D and higher education. This requires a massive and urgent change in economic policies in Europe.Readership: Academics and students working on the European economy and international macroeconomics, and professionals in governmental and non-governmental organizations.
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André Sapir, Université Libre de Bruxelles and Group of Policy Advisers, European Commission, Philippe Aghion, Harvard University, Giuseppe Bertola, Università di Torino and European University Institute, Martin Hellwig, Universität Mannheim, Jean Pisani-Ferry, Université Paris-Dauphine, Dariusz Rosati, Szkola Glowna Handlowa w Warszawie and Narodowy Bank Polski, José Viñals, Banco de España, and Helen Wallace, Robert Schuman Centre for Advanced Studies, European University Institute, and Sussex European Institute with Marco Buti, Group of Policy Advisers,
European Commission, Mario Nava, Group of Policy Advisers, European Commission, and Peter M. Smith, Group of Policy Advisers, European CommissionContributors:
André Sapir, Université Libre de Bruxelles and Group of Policy Advisers, European Commission
Philippe Aghion, Harvard University
Giuseppe Bertola, Università di Torino and European University Institute
Martin Hellwig, Universität Mannheim
Jean Pisani-Ferry, Université Paris-Dauphine
Dariusz Rosati, Szkola Glowna Handlowa w Warszawie and Narodowy Bank Polski
José Viñals, Banco de
España
Helen Wallace, Robert Schuman Centre for Advanced Studies, European University Institute, and Sussex European Institute
with
Marco Buti,
Mario Nava, and
Peter Smith, Group of Policy Advisers, European Commission
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1: Overview
2: Conceptual framework
PART I - ASSESSMENT
3: Policy implementation
4: Economic performance: growth, stability and cohesion
5: Economic trade-offs
6: Economic governance in the EU
PART II - CHALLENGES
7: Is the European model sustainable?
8: Making a bigger Europe work
9: Europe and the world
PART III - RECOMMENDATIONS
10: Principles
11: Policies for promoting growth
12: Modes of delivery: governance methods and the budget
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