THE DISTRIBUTIONAL DIMENSION IN ECONOMIC INTEGRATION

Abstract

The cohesion policy of the European Union provides a framework for financing a wide range of projects and investments with the aim of encouraging economic growth in EU member states and their regions. The three main objectives of the EU’s cohesion policy in the period 2007–2013 are: Convergence, Regional Competitiveness and Employment, and European Territorial Cooperation. Cohesion policy can become an effective tool of economic convergence if it is accompanied by a set of financial and non-financial elements such as labor market situation, investment opportunities, etc, which are the results of national policies. Article includes brief analysis of Lithuanian economic environment compared to other member states.
The main objective of the article – the development of EU cohesion policy. The aim of the article – to explore the peculiarities of the EU economic and social cohesion. The research methods used in the work – the analysis of literature and statistical data.

DOI: http://dx.doi.org/10.5755/j01.em.17.1.2262