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The Lisbon process has been a decade-long effort. At the March 2000 European Council in Lisbon, Portugal, Europe’s heads of state and government set a ten-year timeline to make the European Union “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.” In this report, the World Economic Forum carries out a review of Europe’s progress towards these goals.