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An Agenda for a Growing EuropeThe Sapir Report$
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André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava, and Peter M. Smith

Print publication date: 2004

Print ISBN-13: 9780199271481

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199271488.001.0001

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Principles

Principles

Chapter:
(p.149) 10 Principles
Source:
An Agenda for a Growing Europe
Author(s):

André Sapir (Contributor Webpage)

Philippe Aghion (Contributor Webpage)

Giuseppe Bertola

Martin Hellwig (Contributor Webpage)

Jean Pisani-Ferry (Contributor Webpage)

Dariusz Rosati

José Viñals

Helen Wallace

Marco Buti

Mario Nava

Peter M. Smith

Publisher:
Oxford University Press
DOI:10.1093/0199271488.003.0010

The slow growth of the European Union has been attributed to a series of long-lasting shocks: the information technology revolution, German reunification, opening up to the new market economics of central and Eastern Europe, and globalisation. The EU economic system must be reformed to ensure higher growth. This process should be based on three basic principles: giving priority to growth, reshaping of policy instruments and governance methods to fit the objectives, and adapting to a changing environment. New policy designs are described.

Keywords:   European Union, economic growth, economic system, reform, economic policy

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