Investment climate and Innovation in europe JEAN MONNET MODULES, project " Good governance, strong democratic institutions, rule of law: prerequisites for investing in innovation" Investment climate and Innovation in europe Analysis of the European Union The project has been funded with frsupport om the European Commission. This presentation reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the information contained therein.

Structure of the presentation Brief summary of the previous lesson How can the European Union foster investments and innovation? Analysis of the EU strategies and policies EU Cohesion policy (or regional policy) EU Education Policy EU Single Market The Euro zone EU transport policy

What did we do the last time? Brief summary What did we do the last time?

Factors affecting Investment climate government transparency and accountability poverty education crime Factors property rights workforce rule of law national security political instability taxes regime uncertainty

Investment climate and Innovation How can the European Union influence investments and innovation in Europe?

Supporting competences The EU competences Exclusive competences Shared competences Supporting competences No competences customs union; internal market protection and improvement of human health All other matters not mentioned in the other columns competition rules for the internal market economic, social and territorial cohesion industry monetary policy (only for Euro zone countries) agriculture and fisheries culture common commercial policy environment tourism consumer protection education, vocational training, youth and sport Transport and trans-European networks civil protection; energy administrative cooperation area of freedom, security and justice common safety concerns in public health matters social policy (only specific aspects)

Relation factors influencing investment and competences EU poverty EU regional Policy infrastructures EU transport policy national security Common Foreign and Security Policy EU policies as tools to tackle the problems workforce Member States, but to a little extent the Single Market rule of law (market) taxes political instability property rights Member States competence. The EU can only indirectly influence them regime uncertainty crime government transparency and accountability

Lots of Policies, but only one strategy Common Currency Single Market Agriculture policy Energy policy Environmental policy Education policy Trade policy transport policy

Europe 2020 – the EU strategy of development and growth WHAT? Europe 2020 is the European Union’s growth and jobs strategy WHEN? It is a 10 years strategy: 2010-2020 WHERE? In the 28 European Union counties. Its impacts will be also on other countries and international actors HOW? Through 7 ‘flagship initiatives’ , which are the guidelines of the EU policies WHY? To overcome the crisis and to give a direction to Europe

Goals of Europe 2020 1. 2. 3.

Europe 2020 targets 75% of the 20-64 year-olds to be employed Employment 3% of the EU's GDP to be invested in R&D R&D  greenhouse gas emissions 20% lower than 1990 Climate change and energy sustainability  20% of energy from renewables 20% increase in energy efficiency Reducing the rates of early school leaving below 10% Education at least 40% of 30-34–year-olds completing third level education Fighting poverty and social exclusion at least 20 million fewer people in or at risk of poverty and social exclusion

Europe’s target for 2020 (1. Employment) 75% of the 20-64 year-olds to be employed

In some countires youth unemployment is almost 50%! Indignatos, Spain Youth manifestation mostly in Madrid in 2011

Europe’s target for 2020 (2. R&D) 3% of the EU's GDP to be invested in R&D

Europe’s target for 2020 (3. Climate change and energy sustainability) greenhouse gas emissions 20% lower than 1990

Different perfomances of the European countries Scooter is one of the most used mean of transport in Italy Bicycles are mostly used in northern Europe

Europe’s target for 2020 (3. Climate change and energy sustainability) 20% of energy from renewables

Europe’s target for 2020 (3. Climate change and energy sustainability) 20% increase in energy efficiency

Europe’s target for 2020 (4. Education) Reducing the rates of early school leaving below 10%

Europe’s target for 2020 (4. Education) at least 40% of 30-34–year-olds completing third level education

How accomplish it? – 7 flagship initiatives. Digital agenda for Europe SMART growth Innovation Union Youth on the move Resource efficient Europe SUSTAINABLE growth An industrial policy for the globalisation era An agenda for new skills and jobs INCLUSIVE growth European platform against poverty

Will the Europe 2020 stategy work?