Competitiveness and Growth in Europe

Competitiveness and Growth in Europe

Lessons and Policy Implications for the Lisbon Strategy

INFER Advances in Economic Research series

Edited by Susanne Mundschenk, Michael H. Stierle, Ulrike Stierle-von Schütz and Iulia Traistaru-Siedschlag

This book contributes fresh theoretical and empirical evidence on competitiveness and growth in connection with the commitment made by European leaders at the Lisbon Summit in 2000 to ‘render the European Union the most competitive and dynamic knowledge based economy in the world by 2010, capable of sustainable economic growth, with more and better jobs and greater social cohesion’.

Chapter 4: Lessons from 20 Years of Cohesion

John Fitz Gerald

Subjects: economics and finance, money and banking


John Fitz Gerald 4.1 INTRODUCTION Over the last twenty years the four poorest states in the EU 15 have experienced very significant benefits as a consequence of their membership of the EU. Ireland became a member of the then EEC as early as 1973, whereas Greece became a member in 1980 and Spain and Portugal in the middle of the 1980s. These four ‘cohesion’ states have pursued rather different policies over the past twenty years and have undergone rather different experiences of integration into the EU economy. For three of the four countries the last twenty years have seen a significant convergence in living standards towards the EU average. For Ireland the period of convergence in the 1990s was quite dramatic in terms of its speed. However, the progress in Spain and Portugal was also notable over the same period. It is only in the case of Greece that the progress has been less marked over the same period. These differing experiences of integration into the EU economy carry some lessons. It is clear from the sheer diversity of the policies pursued and the differing pace of adjustment that there is not a single ‘model’ of convergence. There are many different possible paths for states to promote economic development and no single strategy dominates the other possible strategies. Nonetheless, out of this diversity there are a number of common themes which may prove useful to the ten new member states, which are already well down the path to integration into...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information