This authoritative book, bringing together the reports of the Competitiveness Advisory Group, identifies actions to improve European competitiveness politically, economically and socially. The objective is to raise living standards and maintain social cohesion. The Competitiveness Advisory Group has the mission of advising the European Commission and the Heads of State and Government of the European Union. The members of this independent group, which includes leading industrialists, trade unionists, politicians and academics, have adopted a 'bottom-up' approach, seeking to draw lessons from the experience of countries, industries and firms: they rely on 'benchmarking' in order to identify best practice. In the context of increasing interdependence of world trade and consequent globalization of the international economy new policy prescriptions are required for growth and employment, greater efficiency and higher standards of living. In relation to this, the Group discusses the need to close the worldwide technology gap, for Europe to develop deeper relations with the fast growing Asia Pacific region and argues for greater European solidarity in international trade negotiations. Within the European Union itself, it emphasizes the need to achieve the internal market for the free flow of goods, services and people. In addition, it stresses that Europe needs to catch-up, construct and eventually lead the development of the information society in which workers are recognized as a major asset to be invested in. The Group concludes that, although unemployment remains high, European competitiveness now has a brighter future with the movement towards economic and monetary union, and the enlargement of the European Union eastwards. This book will be essential reading for policymakers, government advisers, industrialists and academics concerned with the future of European economies and societies.

This book analyses the main problems in the functioning of the welfare state and possible actions for its reform. Focusing on the European Union, it looks at the achievements of and challenges to the welfare state as we enter the 21st century. The authors consider the general problem of redistribution and how to make it more efficient, by reducing huge benefits and tax disincentives that individuals encounter in different life periods or life choices. In addition, they analyse issues such as: * economic effects of the welfare state * mechanisms for improving incentives in the welfare state * implications of Economic and Monetary Union for the welfare state * options in pension funding * impact of ageing on the pensions systems in the European Union * detailed projections of social expenditure The Welfare State in Europe will be essential reading for those working in the areas of public administration and finance, European studies, social policy, economics and political science. In its provision of policy suggestions it will also be welcomed by policymakers and government advisers.