Competitiveness

A competitive economy is an economy with a consistently high rate of productivity growth. Competitiveness depends on the performance of the economy's SME-fuelled industry. To be competitive, the EU must outperform its competitors in terms of research and innovation, information and communication technologies, entrepreneurship, competition, education and training. The Lisbon Strategy set out to make Europe the most competitive and dynamic economy in the world: competitiveness is therefore one of the top political priorities of the European Union.