Lisbon Strategy

Its aim was to make the EU "the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion", by 2010.

An EU research group found in 2005 that current progress had been judged "unconvincing", so a reform process was introduced wherein all goals would be reviewed every three years, with assistance provided on failing items.

[3] Contemporary key thinkers on whose works the Lisbon Strategy was based and/or who were involved in its creation include Maria João Rodrigues, Christopher Freeman, Bengt-Åke Lundvall, Luc Soete, Daniele Archibugi Carlota Perez, Manuel Castells, Giovanni Dosi, and Richard Nelson.

[4] Key concepts of the Lisbon Strategy include those of the knowledge economy, innovation, techno-economic paradigms, technology governance, and the "open method of coordination" (OMC).

Still, a key issue has been the lack of determined political actionThe European Commission used this report as a basis for its proposal in February 2005 to refocus the Lisbon Agenda on actions that promote growth and jobs in a manner that is fully consistent with the objective of sustainable development.