Maria João Rodrigues The central purpose of the Lisbon Strategy should be that of preparing Europe for a global world through modernization in accordance with European values. Its strategic priorities remain relevant, and its governance mechanisms are delivering better results. But this is simply not enough: the new cycle of the Lisbon Agenda should go further, fully drawing upon the implications of the insuﬃcient implementation and the scope of the new challenges. As we take stock of the implementation of the Lisbon Strategy, it becomes clear that structural reforms have had visible eﬀects in various policy ﬁelds – albeit unevenly from country to country. The growth rate appears to be increasing through a combination of a cyclical with a structural eﬀect, which strengthens growth potential. But Europe needs to change faster and put a stronger focus on national and local implementation, since there is a gap compared with other partner countries. So the current governance structure should be maintained but improved to foster implementation: a special eﬀort should be made by each Member State to address their speciﬁc critical points; the capacity to involve all the relevant actors should be improved; and horizontal coordination should be strengthened at all levels. Moreover, the scope of the challenges for the next years is becoming larger: there is competition not only from the USA and Japan, but from many other poles as well, which calls for new developments in the multilateral framework; raising employment rates is important but...
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