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Preparation was carried out in relation with the broader reaching Council Of Europe , the International Organization of the "wider Europe", which also has charge of Education in Europe. Between April and November 2004 , Wim Kok headed up a review of the program and presented a report on the Lisbon strategy suggesting how to give new impetus to the process. The review group consisted of 12 individuals representing different Stakeholder Groups . Among these are Anne-Marie Idrac , chair of RATP , the Paris public transport system, and a former Transport Minister; Will Hutton , governor of the London School Of Economics and chief executive of the Work Foundation; and Niall Fitzgerald , chair of Unilever and co-chair of the Transatlantic Business Dialogue , a lobby organisation criticized for representing US-American interests in Europe. The Commission used this report to declare the social and environmental aspects of the Lisbon Agenda were no longer a priority and that instead the strategy would be revised to focus on the economic context only. BACKGROUND AND OBJECTIVES The Lisbon Strategy intends to deal with the low productivity and stagnation of economic growth in the EU , through the formulation of various policy initiatives to be taken by all EU member states. The broader objectives set out by the Lisbon strategy are to be attained by 2010 . It was adopted for a ten-year period in 2000 in Lisbon , Portugal by the European Council. It broadly aims to "make Europe, by 2010, the most competitive and the most dynamic knowledge-based economy in the world". THE STRATEGY The main fields are economic, social, and environmental renewal and Sustainability . The Lisbon Strategy is heavily based on the economic concepts of:
Under the strategy, a stronger economy will create employment in the EU, alongside inclusive social and environmental policies, which will themselves drive economic growth even further. 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. KEY THINKERS AND CONCEPTS Contemporary key thinkers on whose works the Lisbon Strategy is based and/or who were involved in its creation include Maria João Rodrigues , Christopher Freeman , Bengt-Ake Lundvall , Luc Soete , Carlota Perez , Manuel Castells , Giovanni Dosi , and Richard Nelson . 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). BIBLIOGRAPHY
SEE ALSO
Lobbying around the strategy
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