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Economic Integration and Convergence of EU Member States

  • Stoyan Totev

The EU enlargement and the new challenges related with the integration processes raise the necessity of EU regional policy reconsidering. The paper supports the understanding that accepting one or another theoretical formulation about the convergence processes feel deeply about the formation of the EU regional policy, respectively for its effectiveness. The relation between the economic development and the convergence within the EU were analysed in the light of the two main theoretical directions (the neoclassical one and the new economic theories). Their correspondence to the empirical results is critically evaluated. The positive and the negative consequences related with the development of the integration processes have been investigated. Finally some conclusions are drawn as regards the applicability of the convergence hypothesis and the formation of the EU regional policy.

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Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Thought.

Volume (Year): (2010)
Issue (Month): 7 ()
Pages: 68-86

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Handle: RePEc:bas:econth:y:2010:i:7:p:68-86
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