Regional Policy - Major Part in the European Union

Abstract

European Union Member States and regions are not identical in terms of their level ofdevelopment. Moreover, there are differences in the development level even within each country. Disparities among regions and countries are not only historical, but also natural. Unequaldevelopments are obstacles to the integration process, the free movement of capital is impeded,which means reducing the possibility of eliminating existing differences. Therefore, regional policyprimarily aims at reducing economic and social disparities among the different regions of Europe,starting from the heterogeneity of components.

Keywords

• regional policy
• regional disparities
• economic and social cohesion
• economic crisis