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The New European Union Cohesion Policy And Its Impact On The Romanian Economy

Author

Listed:
  • Mariana, MIHAILESCU

    () (“Constantin Brâncoveanu” University, Romania)

  • Monica-Marcela, SERBAN

    () (“Constantin Brâncoveanu” University, Romania)

Abstract

Considered to be a model of economic and social development worldwide a few decades ago, European edifice is currently very heterogeneous in this respect. European Union cohesion policy is based on financial solidarity and aims at reducing disparities between the levels of development of regions and member states. Also, promoting economic convergence in Europe is one of the main directions of this policy. However, the social and economic differences between countries remain substantial, in continuous growing after the expansions in 2004, 2007 and 2013. This paper aims to capture the new objectives of cohesion policy proposed by the European Commission, which will come into force in 2014, and their implications for our national economy.

Suggested Citation

  • Mariana, MIHAILESCU & Monica-Marcela, SERBAN, 2013. "The New European Union Cohesion Policy And Its Impact On The Romanian Economy," Management Strategies Journal, Constantin Brancoveanu University, vol. 22(Special), pages 189-197.
  • Handle: RePEc:brc:journl:v:23:y:2013:i:s:p:189-197
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    More about this item

    Keywords

    the cohesion policy; the structural funds; connecting Europe facility; economics disparities;

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy

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