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Luxembourg: Of ce for Of cial Publications of the European Communities, 2008
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Change, Innovation and Distribution
Change, innovation and distributionSocial, political and economic trends and threats
Con erence organised by theBureau o European Policy Advisers o the European Commission
35 December 2007Genval
M B M S ( )
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Ab u h Bur au Eur p a P licy Advi r (BEPA)
T Bur au Eur p a P licy Advi r (BEPA) , , P C S
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CHANGE, INNOVATION AND DISTRIBUTIONS cial, p li ical a d c mic r d a d hr a
A BEPA P A C
G , B , D 007
Editors
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T , , B , V C , M C , M J C B , C I , V G , A H ,S z S , R V .
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DISCLAIMER
F D 007 BEPA G j x BEPA P A (GPA),
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novation and distribution: social, political and economic trends and threats.
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Change, Innovation and Distribution 9
REMARKS BY JOSE MANUEL BARROSOPRESIDEN OF HE EUROPEAN COMMISSION
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IN RODUC ION
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Change, Innovation and Distribution
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Change, Innovation and Distribution
EXECU IVE SUMMARY
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Chapter One
SPEAKERL r z Bi i Smaghi
M Ex B ,E C B
1 OPENING DINNER SPEECHGlobalisation and public perceptions
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Lorenzo Bini Smaghi, Member o the Executive Board, EuropeanCentral Bank, delivered a keynote speech on globalisation and public perceptions at the con erences opening dinner
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Change, Innovation and Distribution 7
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8
Globalisation and li e satis action across OECD countries
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Change, Innovation and Distribution 9
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Change, Innovation and Distribution
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Globalisation ranking and social expenditure as a share o GDP across OECD countries
Data re er to the mid-2000s. Te globalisation ranking is the rank-ing o countries in the A. . Kearney/Foreign Policy GlobalisationIndex. Data on social expenditure are OECD.
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Change, Innovation and Distribution
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Change, Innovation and Distribution
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Chapter wo
PR b r J. G rd
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DCharl Wypl zT G I , G CEPR
1 PLENARY SESSIONComparing wel are betweenEurope and the United States
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8
Robert J. Gordon examined wel are interpretations o the decline inEuropean hours per capita relative to the US. While Europes level o productivity almost reached the US level in 1995, its income per person never exceeded 75% and has since allen below 70%.How could Europe be so productive yet so poor?
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Change, Innovation and Distribution 9
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Change, Innovation and Distribution
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In his discussion o Gordons presentation, Wyplosz ocused on Gordons our strawmen: Blanchard its in the genes; Prescott its taxation; Ljungqvist and Sargent its the wel are system; and Alesina et al. its the unions.
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Chapter wo
PRam Marim
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DC cilia Garcia P al aR D , U M
2 PLENARY SESSIONCompetition, innovation and growth
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Ramn Marimons argument drew on Joseph Schumpeters coreinsights that innovation is driven by entrepreneurial investment motivated by the prospect o monopoly profts, and that newinnovations drive out old models o production in a creativedestruction process.
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Change, Innovation and Distribution
Competition and knowledge investment M
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In her discussion o Marimons presentation, Cecilia GarciaPealosa ocused on three issues: patents to reward innovation,barriers to competition, and the relationship betweenentrepreneurship and inequality.
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Chapter wo
PA dr Sapir
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3 PLENARY SESSIONEurope and global governance:towards a cosmopolitan order?
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8
In his presentation on Europe and the global economy, Andr Sapir highlighted the main governance challengesthat Europe aces today.
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In his discussion o Sapirs presentation, Horst Siebert ocused on the issue o rules in acosmopolitan order stressing the case o Chinasrise. Siebert argued that we need rule systemsand mediation to respond to shi s in thebalance o power.
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Chapter Tree
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1 WORKING GROUPNew Wave o globalisation:characteristics and implications
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Chapter Tree
ML uka T ukali
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Chapter Tree
MJ Cu il ir
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3 WORKING GROUPGlobalisation and the nation statein the 21st century
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Chapter Tree
MH l Wallac
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4 WORKING GROUPInequality and social models in Europe
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Chapter Tree
MFra c c Giavazzi
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5 WORKING GROUPTe uture o Europe:investing in youth
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Chapter Tree
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6 WORKING GROUPTe trans ormation o democray and the Europe o the uture
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REFERENCESChapter One: Globalisation and public perceptionsA , A., D , R M C , R ( 00 ). I : E
?, Journal o Public Economics, 88, . 009 0 .
A , R., B , P. W , J. ( 00 ). G L ML -S W E U S ( 00 : R , L ), P B J W .
B , G. ( 007). E , , : 007 DG ECFIN A R C G
E : EMU ?, B , & O 007.
Bj , C., D , A. F , J. A. V. ( 007). T ? E z ,Public Choice, 0, . 7 9 .
C , A., F j , P. S , M. A. ( 007). R , E x zz ,IZA Discussion Paper No. 2840. C C F A( 00 ), P , :// . . /.
D , J. B., S , S., S , A. W , E. N. ( 00 ). T W DW , .
M , F. A , R. ( 007).Te External Dimension o the Euro Area: Assessing the Linkages,CU P , L .
D , A., S , J. U , H. ( 00 ). T x : . S I B C R
E , L. S , K. ( 007). T f , BIS W
E ( 007). :// . . / _ / _ . .
IMF ( 007). G ,World Economic Outlook, S 007, W DC.
K , A., P , E.,. R , K. W , S.-J. ( 00 ).F : P 8 .
L , E. E. ( 007). A , f , , T F Te World is Flat, Journal o Economic Literature , , , . 8 .
M , . S , A. ( 00 ). R z ,Economic Teory .
S , K. S , M.( 00 ). P , I S B , P B M W ( .)Globalization and Egalitarian Redistribution ,P , NJ: P U P .
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Chapter wo:Plenary Session 1 Comparing wel are between Europe and the United StatesA , A., G , E. S , B. ( 00 ). W L U SD ?NBER Macroeconomics Annual 2005, 0, . .
B , O. ( 00 ). T E F E , Journal o Economic Perspectives, 8/ , F , . .
D -B , I. G , R J. ( 007). T R L -M C E P G , E P , 9 & 0
Lj , L. S , . J. ( 00 ). I L , H C , L , x Ex E E ?, NBER M , 7
P , E. C. ( 00 ). W D A W S M M E ?,Federal Reserve Bank o Minneapolis Quarterly Review, 8/ , . .
Chapter wo:Plenary Session 2 Competition, innovation and growthA , D. ( 997). ,Review o Economic Studies,
( ), .
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A , D. P , J. ( 999). T Journal o Political Economy, 07 ( ), 97 .
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A , P., B , N., B , R., G , R. H , P. ( 00 ). C U- ,Quarterly Journal o Economics, 0 ( ), 70 8.
A , P., B , R., G , R., H , P. P , S. ( 00 ). F , , , I F S & H
A , P. G , R. ( 00 ).Competition and Growth: Reconciling Teory and Evidence , MI P ,C , M .
A , P. & H , P. ( 999).Endogenous Growth Teory , MI P , C , M .
C , . F., M , R., Q , V. ( 00 ). A Journal o Political Economy, ( ), .
G , J. J , B. ( 990). F Journal o Political Economy, 98 ( ), 07 07.
K , N. R. ( 00 ). B , R DF R B M .
M , A. & M , R. ( 99 ). C , , Journal o Economic Teory,8 ( ), 9 9. .
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M , A. M , R. ( 997). R , , P
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( 007 ) U W O: S D A : :// . . / / _ / _ / _ . #
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Change, Innovation and Distribution 7
PROGRAMMEMonday 3 December 2007 OPENING DINNER SPEECH
GLOBALISA ION AND PUBLIC PERCEP IONS L z B S , E C B
uesday 4 December 2007 OPENING PLENARY:COMPARING WELFARE BE WEENEUROPE AND HE UNI ED S A ESP ,Robert GordonD ,Charles Wyplosz
WORKING GROUPS. N :
P ,Jean Pisani-Ferry R ,Joo Borges de Assuno
. S P ,Klas EklundR ,Lars Jonung M Loukas soukalis
. G P ,Volker PerthesR ,Jean-Dominique GiulianiM Jos Cutileiro
PLENARY SESSION:COMPE I ION, INNOVA ION AND GROW HP ,Ramn MarimonD ,Cecilia Garcia Peelosa
WORKING GROUPS. I EP ,Francois BourguignonR ,Klaus ZimmermannM Helen Wallace
. T E : P ,Roger LiddleR ,Julian Le GrandM Francesco Giavazzi
. T E P ,Yves Mny R ,Jonas Condomines-BraudM Dusan Sidjanski
PLENARY SESSION:DISCUSSION WI H HE PRESIDEN OFHE EUROPEAN COMMISSION,JOSE MANUEL BARROSO
Wednesday 5 December 2007 PLENARY SESSION:EUROPE AND GLOBAL GOVERNANCE:OWARDS A COSMOPOLI AN ORDER
P ,Andr SapirD ,Horst Siebert
CONCLUSIONC ,Vtor Gaspar
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LIS OF PAR ICIPAN SJos Manuel BARROSO P , E C
assos BELESSIO IS BEPA, E C
Mrton BENEDEKBEPA, E C
Lorenzo BINI SMAGHI M , Ex B , E C B
Joo BORGES DE ASSUNOA P , U C P , BEPA G S P A (GSPA)
Franois BOURGUIGNON D , E P (PSE); C EB ; M , BEPA G S P A (GSP
Marco BU I D D -G , D -G E A , E C
Vasco CAL C G C , E C
Marcel CANOY BEPA, E C
Maria da Graa CARVALHO BEPA, E C
Jonas CONDOMINES BERAUDBEPA, E C
Pierre DEFRAIGNE D , EUR-IFRI (I B
Jos CU ILEIRO S A P E CA , F G F. K P , I S , P ; M , BEPA G P A
Paul DE GRAUWE P , K U L (KUL); ME P A (GEPA)
Mathias DEWA RIPON P , U L B x (ULB); M , BE
E P A (GEPA)Juan DOLADO P , U C III M ; M , BEPA
E P A (GEPA)
Sarah DUBRULLE BEPA, E C
Klas EKLUND S E , S E B (SEB), SM , BEPA G E P A (GEPA)
Cecilia GARCIA PEALOSA R D , U M
Vtor GASPAR A D -G , BEPA, E C
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Francesco GIAVAZZI P , U B , M ; M , BEPA GP A (GEPA)
Robert GORDON P , N U , E , I
Agns HUBER BEPA, E C
Lars JONUNG D -G E F A , EC
Johannes LAI ENBERGER S , E C
Julian LE GRAND P , L S E ; M , BEPA GP A (GSPA)
Jean-Dominique GIULIANI P , F R S , P
Paul HOFHEINZ P , L C , BKarel LANNOO C Ex O , C E P S
B
Frdric LERAIS BEPA, E C
Roger LIDDLE V -C (P ), P N , UK; V F , EI , L S E
Ram n MARIMON P , U P F , B
Joo MARQUES DE ALMEIDAM , P B C , E C
Hans MAR ENS C Ex , E P C (EPC), B
Yves MNY P , P E U IM , BEPA G P A (GPA)
Ann ME LER Ex D , L C , B
Volker PER HES C D , G I IA , SWP, B
Jean PISANI-FERRY P , U P -D ; D , BM , BEPA G E P A (GEPA)
Jitka RYCH ARIKOVA P , C U , P ; M , BEPA GP A (GSPA)
Andr SAPIR P , U L B x (ULB); S FB ; M , BEPA G E P A
Dusan SIDJANSKI S A P E C P E , D S P
G ; M , BEPA G P A (GPA)
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Horst SIEBER P E , I W (I W), UM , BEPA G E P A (GEPA)
Myriam SOCHACKI BEPA, E C
Suzanne SPEER BEPA, E C
Loukas SOUKALIS S A P E CU A ; P ELIAMEP, V PE ; M , BEPA G P A (GPA) S P A (GSPA)
Reinhilde VEUGELERS BEPA, E C
Helen WALLACE C P , E I , L S P S ; F D , R S C
U I , F , M , BEPA G P(GPA)
Charles WYPLOSZ P , I U H E IU G ; M , BEPA G E P(GEPA)
Klaus ZIMMERMANN P , U B ; D , I S(IZA), B ; M , BEPA G S P A
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Change, Innovation and distribution. Social, political and economic trends and threats
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2008 59 pp. 17,5 x 25 cm
ISBN 978-92-79-09848-2
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