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What is European Semester

Chapter 15
Handbook of Research on Global Enterprise Operations and Opportunities
A mechanism which was designed by the EU 2020 strategy to monitor the economic stability of the member states.
Published in Chapter:
Past Failure, New Future: An Analysis of the European Union Development Strategies – From Lisbon to Europe 2020
Altuğ Günar (Istanbul University, Turkey)
Copyright: © 2017 |Pages: 21
DOI: 10.4018/978-1-5225-2245-4.ch015
Abstract
This chapter provides a broad analysis of the EU's development strategies from Lisbon to EU 2020. The purpose of the chapter is to make a comparison among development strategies of the EU and to reach the answer of the question; if EU 2020 will be a new future for the EU? For this aim, the author focuses on three questions: what is the connection between the globalization and the EU? Has the EU answered to the challenges of globalization or post Fordist transformation with Lisbon Strategy? Lisbon Strategy which was reformed two times was a failure, what were the reasons of launching the EU 2020 strategy? The first one is related to the economic transformation of the world and economic decline of the EU during the 1980 to 2000s. The second one is related to the EU's structural weakness. The third one is related to the future of the EU.
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