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The Regional Policy of the European Union and the Enlargement Process to Central and Eastern European Countries

Author

Listed:
  • J.Andres Faina

    (Department of Economic Analysis, Faculty of Economics, University of A Coruna)

  • Jesus Lopez Rodriguez

    (Department of Economic Analysis, Faculty of Economics, University of A Coruna)

Abstract

The successive enlargement processes of the European Union have implied reforms in Regional Policy. Since the Single European Act (1987), Europe has got a structural policy mainly focused on regions whose development is lagging behind. The accession of CEECs will mean an extraordinary increase in regional development disparities. However, the current EU Regional Policy is addressed to deal with such a kind of development lags. Competition in a large market combined with regional development policy of the EU is a successful policy mix to boost growth of CEECs in the framework of an open market economy. The own success of regional policy in current objective 1 regions will led to an important reduction of assisted population. The financial perspectives approved in the Berlin Summit (March 1999) provides enough financial space to assist 90% of population in CEECs and 75% of current population under objective 1. The main challenge involved in the successful extension of EU Regional Policy to CEECs lies in the field of management capabilities and administration reforms that must be carried out in these countries.

Suggested Citation

  • J.Andres Faina & Jesus Lopez Rodriguez, 2001. "The Regional Policy of the European Union and the Enlargement Process to Central and Eastern European Countries," Discussion Papers 0107, University of Exeter, Department of Economics.
    • Handle: RePEc:exe:wpaper:0107
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    File URL: https://exetereconomics.github.io/RePEc/dpapers/DP0107.pdf
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    Citations

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    Cited by:

    1. Jesús López-Rodríguez & J. Andrés Faíña, 2000. "Human Capital Accumulation and Geography: Empirical Evidence in the European Union," Regional and Urban Modeling 283600060, EcoMod.
    2. Jesus Lopez-Rodriguez & Andres Faiña, 2009. "Regional Policy and Convergence in Europe: The Case of Backward Regions," Economics Bulletin, AccessEcon, vol. 29(2), pages 1046-1053.

    More about this item

    Keywords

    Regional Policy; European Union; Central and Eastern European Countries;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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