The mirage of cheaper labor
In their quest for competitiveness many countries are fixated on cutting the cost of labor, in particular by reducing social-insurance contributions. But it that the right solution?
In their quest for competitiveness many countries are fixated on cutting the cost of labor, in particular by reducing social-insurance contributions. But it that the right solution?
For a long time the price of CO2 permits stayed very low. But, starting in 2019, the reform to Europe’s carbon market mechanism has drastically reduced the number of permits in circulation.
In March 2000, at a summit meeting in Lisbon, European Union countries agreed on an ambitious objective: to make the EU, by 2010, “the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion”.