IZA Policy Paper No. 44 Can the University Save Europe? Jo Ritzen P O L I C Y P A P E R S I P A P Y I C O L P July 2012 Forschungsinstitut zur Zukunft der Arbeit Institute for the Study of Labor Can the University Save Europe? Jo Ritzen Maastricht University and IZA Policy Paper No. 44 July 2012 IZA P.O. Box 7240 53072 Bonn Germany Phone: +49-228-3894-0 Fax: +49-228-3894-180 E-mail:
[email protected] The IZA Policy Paper Series publishes work by IZA staff and network members with immediate relevance for policymakers. Any opinions and views on policy expressed are those of the author(s) and not necessarily those of IZA. The papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the corresponding author. IZA Policy Paper No. 44 July 2012 ABSTRACT * Can the University Save Europe? Higher education is in the position to save Europe by rendering a substantial contribution to sustainable economic growth. For that purpose higher education must strengthen its innovative power in entrepreneurship education and by focusing research more on societal problems, while being better empowered and enabled by Governments. Universities must show leadership in resolving or channeling the major societal questions. More European competition between universities in education and research would be helpful. Universities can contribute to recreating hope and optimism through more innovation in the economy. JEL Classification: D31, F55, I22, I23, I24, I25, I28, J24, O31, O47, O52 Keywords: hope, attitudes, Europe, economic growth, higher education, labor market, innovation, competition Corresponding author: Jo Ritzen Keizer Karelplein 19 6211 TC Maastricht The Netherlands E-mail:
[email protected] * Jo Ritzen is former minister of education, former vice president of the Human Development Network at the World Bank and former president of Maastricht University.