Economic policies alone won’t lead to growth in Europe

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A report for the European Commission by University of Southampton researchers suggests that economic policies alone don’t lead to growth. Instead they conclude: “Results have shown that in relation to the economic crisis and creating growth – participatory citizenship, economic competitiveness and social cohesion are interrelated and reinforce each other.” This is very relevant to firms seeking to grow their way out of the current downturn. They, too, need to focus on participation and cohesion within their organizations. Problem is that most focus almost exclusively on financial measures (sacking people, downgrading the annual party and cutting back wherever they can).

Source: http://www.eurekalert.org/pub_releases/2012-06/uos-epi062512.php