New Challenges at the Level of the EU: Green Deal and Economic Governance after Pandemic
New Challenges at the Level of the EU: Green Deal and Economic Governance after Pandemic

Summary/Abstract: Public policies of each country are modeling economic growth based on resources, economic conditions and, especially, aspirations. In some countries, economic growth is just happing, while other countries are pursuing clear objectives. For the last couple of centuries, economic growth followed a quantitative objective and ignored the qualitative features of growth, ignoring environment and social policies. As a consequence, growth models departed from the nowadays long-term objectives of building sustainable, green, inclusive and smart economic activity. The new millennium arrived with an ambitious agenda regarding the sustainability of growth model, while the new Commission provoked the EU Member States to a new economic paradigm, where the green economy and digitalization are taking the driving seats of the European growth models. The health crisis caused by the new Coronavirus pandemic revealed the shortcomings of the current economic model – long production chains and, in many cases, weak economic governance. For many EU member states, the requirements of the green economy – the Green Deal - the digitalization and the need of strengthening economic governance are a big challenge that should be solved together, over medium and long term.

• Details
• Contents