Liberalisation hurts growth says new EPSU commissioned report
Structural reform is part of the Lisbon Agenda. It meant to liberalise energy, post and transport amongst others. EPSU commissioned a report from the European Trade Union Institute to explore if there is evidence that liberalisation does bring something more positive then job reduction. The paper argues that the association between structural reforms in the network industries and productivity growth, with some notable exceptions, is insignificant. The benefits of structural reforms, such as lower prices, productivity growth, and positive employment output - promised and anticipated by the European Commission have not materialized. The paper shows most network industries, measured in actual outcomes, have produced the same results or worse after liberalization. >To read more
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