EUROPEAN UNION COHESION POLICY IMPLEMENTATION FOR GROWTH

Abstract

In order to promote economic and social progress European Union (EU) developed cohesion policy in both national and supranational levels. The developments are examined under three headings: growth, cohesion and the budget. More specifically attention is paid to the single market aims removing border controls for goods, services and capital, and policies influencing the growth. The European Union competition, trade and research and technological development policies developments are explored in terms of growth. Reducing income disparities among Member States is matter of priority in the enlarged European Union. 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 labour market situation, investment opportunities, etc, which are the results of national policies.