Regional Development Policy in European Union

Oana Chindris-Vasioiu and Cristian Pana

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 338-342

Abstract: The regional development policy is one of the most important policies and one of the most complex in the EU, as its status is derived from its goal of reducing the economic and social gaps existing between different regions of Europe and it influences different domains that are important for their development, such as economic growth and small and medium enterprises (SME) sector, transports, agriculture, urban development, environmental preservation, employment and professional training, education, gender equality. Designed as a solidarity policy at European level, the regional policy is basically based on financial solidarity, namely on redistributing some parts of the Community budget made up of the contributions of the Member States to the less prosperous regions and social groups (between 2000-2006, the due amount is approximately one third of the EU budget).

Keywords: regional policy; sustainable development; financial instruments; European cooperation; regional competitiveness (search for similar items in EconPapers)
JEL-codes: Q01 R11 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:338-342

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