OECD Economic Surveys: European Union 2012

OECD’s Economic Survey of the European Union for 2012 examines recent economic developments, policies and prospects. It also includes special chapters covering the single market and labour market mobility.

Table of contents:

 Executive summary

Assessment and recommendations
-The EU needs to tackle the economic crisis and reach a stronger sustainable growth path
-The new growth model should support a fairer and greener economy
-The Europe 2020 strategy sets out ambitious EU reform targets, but will they be achieved?
-The completion of the Single Market is a strong EU-level tool to boost growth
-Europe needs to innovate more and better
-Further progress in trade liberalisation and agriculture would boost growth and raise living standards
-Labour market reforms and removing barriers to intra-EU labour mobility would boost employment, growth and ease adjustments
-An EU-level immigration policy could ease skill shortages due to demographic changes
-Regional policy can contribute more to growth
-Bibliography
Chapter 1. A Single Market for Europe
-How far is the Single Market a single market?
-Deeper integration would have a large impact on growth and living standards
-EU policy to complete the Single Market is moving forward, but slowly
-The Single Market needs to move closer to a Single Rule Book
-Targeted sector-specific measures policies are needed to open some markets fully
-Bibliography
Chapter 2. Mobility and migration in Europe
-EU labour markets are fragmented between and within countries and overall mobility is low
-Mobility is held back by Europe’s diversity but also by administrative obstacles
-Migration from outside Europe can reduce labour market imbalances
-Bibliography
Glossary

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