Despite Government Initiatives, US Colleges Not the Only Ones Facing Funding Challenges
September 26th, 2011In March 2000, the heads of state of the European Union (EU) nations set an ambitious goal for themselves: to make the EU “’the most competitive and dynamic knowledge-based economy in the world, capable of sustainable economic growth with more and better jobs and greater social cohesion’” by 2010. Known as the Lisbon Agenda, this program aimed to revitalize the nations of the EU that had collectively experienced economic stagnation in the years preceding the agreement. Just as President Obama has identified education in general and college graduation rates in particular (stating that “by 2020, America will once again have the highest proportion of college graduates in the world”) as a vehicle for driving economic growth, the Lisbon Agenda put emphasis on the same.
A 2006 report from the Commission of the European Communities titled “Delivering on the Modernisation Agenda for Universities: Education, Research, and Innovation,” noted that the “modernization of Europe’s universities, involving their interlinked roles of education, research and innovation” is a “core condition” for the success of the Lisbon Agenda. In that same year, the Spring European Council agreed upon the establishment of the European Institute of Innovation & Technology (EIT) which would “contribute to improving Europe’s capacity for scientific education, research and innovation, while providing an innovative model to inspire and drive change in existing universities, in particular by encouraging multi-disciplinarity and developing the strong partnerships with business that will ensure its relevance.” Additionally, the Commission called on member nations to create national systems that allowed for geographic mobility of degrees between various EU member states, greater autonomy with strengthened accountability for universities, incentives for partnerships between universities and the business community, and an increased “employability” of graduates.



