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European Economy

OECD Compendium of Productivity Indicators 2012

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Friday, November 1, 2013
Abstract in English: 
This document presents an overview of recent trends in productivity level and growth in OECD countries, based on a large set of indicators. It also highlights the measurement issues involved in compiling indicators used for the analysis of issues related to productivity.
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Towards a Green Economy in Europe: EU Environmental Policy Targets and Objectives 2010-2050

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Monday, July 1, 2013
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The 'green economy' has emerged as a priority in policy debate in recent years. But what does the concept mean in practice and how can decision-makers measure progress towards this strategic goal ? This report provides some answers, presenting a detailed overview of the key objectives and targets in EU environmental policy and legislation for the period 2010-2050. It focuses on selected environmental and resource policy areas, specifically: energy; greenhouse gas (GHG) emissions and ozone-depleting substances; air quality and air pollution; transport sector emissions of greenhouse gases and air pollutants; waste; water; sustainable consumption and production (SCP); chemicals; biodiversity and land use.
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Future Scenarios for the Eurozone: 15 Perspectives on the Euro Crisis

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Friday, March 1, 2013
Abstract in English: 
The Eurozone is standing at a crossroads, facing the biggest challenges in its history: the systemic crisis and the political attempts to overcome it have far-reaching consequences for the future of the Economic and Monetary Union, European integration and Europe in the world. By identifying the main driving forces that influence the future development of the Economic and Monetary Union, a number of different scenarios were developed to show what the Eurozone will look like in the year 2020. Four major scenarios are imaginable: (A) Muddling through the Crisis. The Eurozone remains a house without a protecting roof. (B) Break-up of the Eurozone. The Euro house falls apart. (C) Core Europe: evolution of two-level integration with a smaller and stable, but exclusionary Euro house. (D) Completion of the Monetary Union by a fiscal and political union. The roof is repaired and construction completed.
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Economic Policy Reforms: Going for Growth 2013

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Friday, February 15, 2013
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Going for Growth builds on OECD expertise on structural policy reforms and economic performance to provide policymakers with a set of concrete recommendations on reform areas identified as priorities for sustained growth. The OECD has identified reform recommendations to boost real incomes and employment through the Going for Growth analysis for each OECD country since 2005 and, more recently, for the BRIICS. This benchmarking exercise provides a tool for governments to reflect on policy reforms that affect their citizens’ long-term living standards. Since the 2009 Pittsburgh Summit, Going for Growth has contributed to the G20 regular work programme to achieve Strong, Sustainable and Balanced Growth, notably through the so called Mutual Assessment Process. For each country, five policy priorities are identified based on their ability to improve long term material living standards through higher productivity and employment. The priorities broadly cover product and labour market regulations; education and training; tax and benefit systems; trade and investment rules; and innovation policies. This issue reviews the progress made on previous recommendations and identifies new priorities for the near term. It also looks at the potential impact of Going for Growth policy recommendations on public policy goals other than GDP growth.
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The Future of Europe's Economy: Disaster or Deliverance?

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Wednesday, September 18, 2013
Abstract in English: 
Europe’s economy is finally showing tentative signs of stabilising. But does this mark the start of a robust recovery, or is it, in the language of the markets, a ‘dead cat bounce’? The Centre for European Reform asked four leading European economists to predict how things would look in 2020. Their answers differ sharply. The future of the European project will to a large extent depend on which of the four authors is most right. If the eurozone as a whole, and its debtor states in particular, suffer prolonged stagnation and funding crises, popular faith in European integration could be hit hard. Aside from casting doubt over the future of the euro, the damage to the EU’s single market, perhaps Europe’s biggest economic asset, and to relations between member-states would be considerable. Conversely, if the eurozone stages a sustained economic recovery, and the currency union’s debtor countries are able to honour their debt burdens while engineering a bounce-back in living standards, the outlook for the euro (and the EU more generally) will be much brighter.
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European Economic Governance in an International Context

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Tuesday, January 1, 2013
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The book presents compendium of speeches from the Global Jean Monnet Conference on European economic governance in 2011. It discusses the future of the European Union and on the future of European economic and monetary integration. Speakers address following issues: safeguarding the stability of the euro area and the enhanced instruments for crisis intervention, reinforced fiscal and macroeconomic coordination and surveillance: economic aspects, strengthening the governance of the euro area: political and institutional aspects and the EU and global macroeconomic governance (G8, G20, IMF).
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The European Union after the Treaty of Lisbon: Visions of Leading Policy-makers, Academics and Journalists

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Saturday, January 1, 2011
Abstract in English: 
On 25-26 May 2010, the Jean Monnet Programme organised a two-day Global Jean Monnet Conference entitled "The European Union after the Treaty of Lisbon". As has been a biennial tradition for more than a decade, the Global Jean Monnet Conference was joined by ECSA-World, i.e. the network of national European Community Studies Associations that are active world-wide. The Conference, which took place at the European Parliament, brought together 420 leading policy-makers, diplomats, renowned academics, journalists and civil society representatives from 69 countries. The Global Jean Monnet / ECSA-World Conference confirmed its reputation as "a platform to reflect on major policy developments and coming priorities" and provided an in-depth analysis of the impact of the Lisbon Treaty in four main areas: the EU's institutional balance and institutional co-operation, fundamental rights and EU citizenship, the new EU framework for confronting global economic challenges and the EU as an international political and security actor.
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Global Europe 2050

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Publication date: 
Sunday, January 1, 2012
Abstract in English: 
We can rise to the Europe 2020 challenges of dealing with an ageing population, securing sustainable resources, developing clean energy supplies, improving healthcare and combating climate change – but only if we take effective short, medium and long term action. This is why the European Commission asked twenty five leading analysts to look into the future and work through a number of scenarios to see where the EU might be in 2050. Their work, presented in this Global Europe 2050 report, analyses three key scenarios which describe different but nonetheless possible pathways that Europe could choose to follow over the decades to come.
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Empowering Europe’s Future: Governance, Power and Options for the EU in a Changing World

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Thursday, December 5, 2013
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Looking to 2030, global change will be occurring at an accelerated pace in an unpredictable fashion. The world in 2030 will be a more fragile place due to the rise of economic interdependence, the diffusion of power, and the disruptive potential of technological innovation and extreme events. Ten years ago, for example, the SARS outbreak cost businesses $60 billion – and caused the loss of about 2% of East Asian GDP. Vulnerability to unexpected events – such as the 2010 Icelandic ash-cloud or the 2011 Japanese tsunami – will only increase as global supply chains expose states and societies to the effects of political crises and disruptions, even in distant regions. Weak or rigid governance systems will increasingly struggle to respond to these trends.
In this less predictable world, power shifts will not be linear, not least due to the proliferation of domestic challenges in emerging economies. Whether they are in relative rise or decline, the risk may be that many governments become more introverted and less inclined to international engagement and compromise, as they cope with increasing turbulence at home. Conversely, a faster-changing world will offer wide-ranging options and new opportunities to more actors – both state and non-state – who are flexible and quick enough to seize them. Cities may lead efforts to reduce carbon emissions; smaller states, like Sweden, Singapore or Qatar, may shape international agendas and regional affairs through the use of technical leadership or coalition-building. Power shifts will not necessarily be a zero-sum game; the gains of some need not entail losses for others.
Governments, regional organisations and international institutions will struggle to cope with the twin trends of increased interdependence and greater fragmentation. With a larger range of influential state and non-state actors, managing complexity and setting political agendas will become more challenging at both the domestic and international levels. This could result in a deficit of leadership and governance on the global stage. Future influence in international affairs will depend on how state and non-state actors deploy their respective power assets. As power becomes more diffuse, it will also become more constrained, which will put a premium on the ability to partner and build political coalitions.
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Europe’s Societal Challenges. An Analysis of Global Societal Trends to 2030 and their Impact on the EU

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Sunday, December 1, 2013
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This report presents the findings of a study of global societal trends and their impact on the EU in the next two decades. The work is part of the European Strategy and Policy Analysis System (ESPAS) set up to develop a lasting framework to assess global trends and to develop policy responses across EU institutions over the next institutional cycle (2014-2019). The first phase of the project culminated in a report on the long-term, international, domestic, economic and political trends facing the European Union; the second phase of the project split trends into three streams, focusing on the economy, governance and power, and society. This Trend Report aims to explore the evidence base, uncertainties and potential trajectories underpinning global societal trends and their impact on the EU. The work is based on a review of the available data and literature on societal trends in a number of thematic areas. It also builds on inputs harnessed through an online Delphi exercise involving more than 200 international experts, as well as a series of 29 semi-structured interviews, involving experts from academia and think tanks, policymakers, and leading thinkers from the private or third sector.
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