In recent times, flexicurity – the balance between labour market flexibility and security for employees against labour market risks – has gained a prominent place in the European Employment Strategy. As it evokes a joint commitment to and the implementation of both flexibility (or adaptability) and security, it has always been a likely candidate to represent the European aspirations to combine, on the one hand, economic growth and, on the other, social cohesion. Both of these concepts have been most effectively incorporated into the renewed Lisbon Strategy for growth and jobs.
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