IT

EUROPEAN CONSCIENCE – The EU social model: Fair and efficient

Back    Forward

Giving priority to national interests may win an election, but in the long run it forfeits the advantages that can be secured by an international diversification of labour.

The Belgian economist André Sapir used a background paper for the September 2005 informal summit of the European Union’s economic and finance ministers to make a provocative claim about the European social model: Europe’s heads of state and government do not need to choose between equity and efficiency or between a welfare state and a market economy; with the right reforms to welfare programs and market institutions, it is possible to have both equity and efficiency at the same time. The British held the rotating presidency of the Council of the European Union and were quick to take up Sapir’s challenge. The quest to achieve both equity and efficiency moved to the heart of efforts to relaunch the Lisbon Strategy and to re-energize the European project. Unfortunately, these efforts were soon overtaken by events.

To keep reading, purchase the pdf file of this issue   

To subscribe to the magazine please access our subscription page here

Continue reading this article and all other Eastwest and eastwest.eu content.

Subscribe for 1 year and gain unlimited access to all content on eastwest.eu plus both the digital and the hard copy of the geopolitical magazine for € 45, or gain 1 year of unlimited access to only the website and digital magazine for € 20

Subscribe



GUALA