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Theoretical and Applied Economics

Analysis of Economic Disparities Within the Framework of the European Union Cohesion Policy
Balde Klara Bela

Doctor of Economics

post-graduate student of the Department of International Economic Relations at People's Friendship University of Russia

127473, Russia, Moscow, str. Samotechnaya, 5, ap. 20



The article is devoted to the analysis of regional differences in the European Union. Decentralization processes and the growing need of small but economically significant geographical territories to become more autonomous are typical for modern Europe. The presence of economically weak regions on the one hand and regions with high rates of economic activity on the other hand slows down the pace of society's development in general. The growing need of highly developed regions to become more autonomous or perhaps even independent raises a question whether the cohesion policy is efficient. According to the author, by collecting statistics at the level of Union regions but not specific countries and comparative analysis of their economic indicators would give an opportunity to define differences in the level of economic development and social welfare of the European Union member states. These differences described by the author are often significant and in most cases caused by their geographic location and history. The aforesaid imbalance was analyzed by the author at the level of member states and particular regions. There was no such disproportion at the moment when the EU was formed and consisted of 6 economically strong states. After countries with a lower level of development such as Ireland, Greece, Spain and Portugal had joined the EU, the gap in their economic development widened. For regions that strive to become more autonomous or even independent, not only historical and cultural aspects but also concrete financial motives are important. The majority of regions that declare their desire to become autonomous are the richest regions in their countries with economic indicators that exceed average indicators. 

Keywords: decentralization, R&D, region, autonomy, GDP, regional economy, unemployment, interregional contrasts, cohesion policy, European Union



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This article written in Russian. You can find full text of article in Russian here .

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