Realities and Perspectives on the European Regional Policy

Valentin Neculita (), Daniela Ancuta Sarpe () and Mihaela Neculita ()
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Valentin Neculita: Dunarea de Jos University of Galati, Romania
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania
Mihaela Neculita: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2011, 109-114

Abstract: EU expansion to 27 Member States has posed challenges in terms of its competitiveness and internal cohesion. The already existing disparities between the Member States and among their regions have deepened. These disparities are generated by the structural deficiencies in key factors of competitiveness, i.e. inadequate staff with physical and human capital (infrastructure and workforce), insufficient capacity for innovation, business support and low level of environmental capital (natural environment and / or urban pollution). The purpose of the cohesion policy is to reduce disparities between EU regions. Therefore in order to achieve this goal of the cohesion policy, the Member States and regions need significant financial help to solve various structural problems and achieve their potential of growth.

Keywords: regional policy; cohesion policy; disparities; economic growth; competitiveness (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:109-114

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