Ten years ago, Europe’s leaders set an ambitious goalof becoming “the most competitive and dynamicknowledge-based economy in the world” by 2010through a programme of policy initiatives known as theLisbon Strategy. This included competitiveness-enhancingmeasures such as the creation of an information societyfor all, reinforcing European research and developmentactivities, developing a business-friendly start-upenvironment, promoting social inclusion and enhancingsustainable development.The recent economic crisis has underscored theimportance of a competitiveness-supporting economicenvironment to better enable national economies to absorbshocks and ensure solid economic performance goinginto the future. To this end, the World Economic Forumhas published The Lisbon Review every two years sincethe European Union rst articulated the Lisbon Strategy,assessing Europe’s progress towards meeting its ambitiousgoal. The present – and nal – edition takes stock of whereEurope stands in this, the deadline year.As this Review indicates, there is much variation inperformance across the EU member states, with somecountries performing very well in all areas and others stilllagging behind. While bringing many economic benets,the accession of 12 new members since the middle of thedecade has increased this variation. The results show that,while some progress has been made, much remains tobe achieved in order to fully harness Europe’s economicpotential.Europe’s leaders are well aware of the need to keep upthe momentum of the reform process beyond the originaldeadline of 2010. Therefore, the new Europe 2020 Strategywill continue to place great emphasis on improvingEurope’s competitiveness and delivering sustainable,inclusive growth through innovation, education andimprovements to the enterprise environment.As Europe and the world emerge from the mostsignicant economic crisis in a half century, acceleratingthe reform process articulated through such strategieswill be critical for ensuring that the region gets back togrowth. The World Economic Forum will continue tomonitor and assess Europe’s progress through its ongoingcompetitiveness research.I wish to thank the authors of The Lisbon Review 2010, Jennifer Blanke and Stephen Kinnock, for their energy andcommitment to producing this study. Appreciation alsogoes to Robert Greenhill, Managing Director and Chief Business Ofcer at the Forum, and members of the GlobalCompetitiveness Network and Europe and Central AsiaTeams: Thomas Berglund, Carl Björkman, Ciara Browne,Sebastian Bustos, Margareta Drzeniek Hanouz, ThierryGeiger, Danil Kerimi, Irene Mia, Sandrine Perrolaz, CarissaSahli, Pearl Samandari and Eva Trujillo Herrera.Finally, we would like to convey our sincere gratitudeto our network of Partner Institutes worldwide, withoutwhose enthusiasm and hard work the annual administrationof the Executive Opinion Survey and this Review wouldnot be possible.
Klaus SchwabFounder and Executive ChairmanWorld Economic Forum
T h e L i s b o n R e v i e w 2 0 1 0 : T o w a r d s a M o r e C o m p e t i t i v e E u r o p e ?
The Lisbon Review 2010 © 2010 World Economic Forum