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European cohesion policy

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  • Willem Molle

Abstract

One of the main objectives of the EU is cohesion, namely a decrease in the disparity of wealth between its constituent parts. A considerable part of the EU budget is earmarked for this policy. The policy should also support the EU 2020 strategy, which focuses on smart, inclusive and sustainable growth. Over the past decades the EU has been able to realize to some extent its ambitions. Effectiveness can be further stepped up by making improvements in the delivery system.

Suggested Citation

  • Willem Molle, 2011. "European cohesion policy," The New Palgrave Dictionary of Economics, Palgrave Macmillan.
  • Handle: RePEc:pal:dofeco:v:5:year:2011:doi:3845
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    More about this item

    Keywords

    convergence; competitiveness; coordination; disparity; effectiveness of intervention; regulation; principles; Structural Funds;

    JEL classification:

    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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