Sustainable development based growth strategies

According to the Lisbon Strategy, (a development plan put forward by the European Council in 2000), Europe aims to become the most competitive and dynamic knowledge-based economy in the world by 2010, capable of sustainable economic growth with more and better jobs and greater social cohesion [2]. This plan was further stressed through the Barcelona objective in 2002, which stated that 3% of GDP [Gross Domestic Product] should be spent on research and development by 2010. Two thirds of this investment was to come from business, with the bulk of... 

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