Tutorial 8 Week 19 1. What is the economic justification of research policy? 2. How can an EU level industrial policy support research and innovation by businesses in the single market? 3. Research is a key policy towards the achievements of the Lisbon goals. Discuss whether the Lisbon goals in this direction have been now missed and explore the human dimension of research and the implications of brain drain, by referring to the following two links related to EU Research Policy: http://ec.europa.eu/research/infocentre/article_en.cfm?id=/research/r esearch-eu/era/article_era10_en.html&item=Infocentre&artid=13755 http://ec.europa.eu/research/leaflets/young/page_77_en.html 4. Is the single currency helping, or rather making it more difficult to achieve the objectives of the Lisbon Agenda? Refer in your answer to the speech by Otmar Issing indicated below. You are encouraged to identify the critical views regarding the euro, the euro area performance indicators, as well as the evaluation of the link existing between the Lisbon objectives and those of the monetary union. Further References: El-Agraa Chapter 13.4 O. Issing, ‘The Lisbon process – a view from the ECB?’, 9th June 2005