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date: 25 February 2021

Abstract and Keywords

This article focuses on the Lisbon Strategy. The Lisbon Strategy, developed at subsequent meetings of the European Council, outlines an economic and social strategy meant to relaunch the EU within the changed context of worldwide competition and the paradigm shift to a knowledge economy and an innovation-based model of growth. The economic pillar was to create the basis for the transition to a competitive, dynamic knowledge-based economy, with emphasis on the need to adapt constantly to changes in the information society and to increase research and development. The social pillar was to modernize the European social model, investing in human resources and combating social exclusion. The environmental pillar, added at the Gothenburg European Council meeting in June 2001, called attention to the need to decouple economic growth from natural resource utilization for sustainable development.

Keywords: EU, economic strategy, social strategy, competitiveness, knowledge economy

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