481. Fixing the Services Directive
- Author:
- Stefano Micossi
- Publication Date:
- 04-2006
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- In the spring of 2004, the European Commission approved a draft Directive on Services in the Internal Market and sent it to the Council and the European Parliament. The proposal is the cornerstone of the ailing Lisbon strategy to revive growth and jobs in the European Union: services account for 70% of GDP and employment in advanced countries, and their performance is a main determinant of overall productivity and employment growth. In the European Union, the markets for services are still organised along national lines, cross border trade remains relatively underdeveloped and competition is scarce. The productivity gap with the United States is largely explained by these obstacles.
- Topic:
- Economics, International Cooperation, and Regional Cooperation
- Political Geography:
- United States, Europe, and Lisbon