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The Future of EU Regional Policy

Author

Listed:
  • ANDREEA DRAGOI

    (Institute for World Economy Center for European Studies Department, Romanian Academy, ROMANIA)

Abstract

The regional policy represents the expression of the European Union’s solidarity with less developed countries and regions, aiming at reducing the significant economic, social and territorial disparities that still exist between Europe’s regions. Being an investment policy, EU regional policy supports job creation, competitiveness, economic growth, improved quality of life and sustainable development. During the 2014-2020 period, the EU will invest a total of 351 billion euro in Europe's regions. Our analysis aims at highlighting the possible future development for this common policy, in the new Financial European Framework 2014-2020, underling to what extent, the financial instruments of this policy can contribute to boosting less developed countries and regions, concentrating funds on the areas and sectors where they can make the most difference. Also, this article proposes revealing the convergence of the regional policy objectives with those of the Europe 2020 Strategy.

Suggested Citation

  • Andreea Dragoi, 2014. "The Future of EU Regional Policy," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 2(1), pages 107-116, May.
    • Handle: RePEc:ntu:ntugeo:vol2-iss1-14-107
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    References listed on IDEAS

    as
    1. Shankar, Raja & Shah, Anwar, 2009. "Lessons from European Union policies for regional development," Policy Research Working Paper Series 4977, The World Bank.
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    More about this item

    Keywords

    regional policy; economic and social disparities; Europe 2020 Strategy;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P - Political Economy and Comparative Economic Systems
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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