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The European challengeInnovation, policy learning and social cohesion in the new knowledge economy$
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Graham Room

Print publication date: 2005

Print ISBN-13: 9781861347398

Published to Policy Press Scholarship Online: March 2012

DOI: 10.1332/policypress/9781861347398.001.0001

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Growth and stability

Growth and stability

(p.23) Three Growth and stability
The European challenge

Graham Room

Policy Press

This chapter discusses how EU strategy is born in part of the process of economic and monetary union and is devoted therefore to securing fiscal stability and economic growth. It argues for the need to understand the dynamism of the new knowledge-based economy in terms that go beyond conventional mainstream economics — not least, if the EU is to pursue effectively its wish to create a dynamic and innovative economy.

Keywords:   economic growth, stability, economic union, monetary union, knowledge-based economy, EU, economics

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