Enhancing regional convergence in the European Union

نویسندگان

چکیده

Progress in regional convergence the EU has been uneven over last two decades. While Central and Eastern Europe catching up, Southern often lost ground, especially after global financial crisis. Furthermore, within most countries, gaps between large cities rural areas have widened. Some challenges to stemmed from worldwide factors – such as globalisation, digitalisation, warming, and, more recently, COVID19 but others are European-specific, like incomplete integration, less effective fiscal governance subpar innovation performance. This paper proposes policy action reduce divergence by helping regions upgrade their productive specialisation. Building on new approaches industrial policies, needs exploit full potential of cross-country cooperation urban agglomeration economies. Competition trade policies need ensure a level playing field enhance benefits open competitive markets while responding challenges, digitalisation or foreign subsidies. Finally, Cohesion Policy Common Agricultural Policy, largest budget instruments, become at promoting upgrading.

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ژورنال

عنوان ژورنال: OECD Economics Department working papers

سال: 2021

ISSN: ['1815-1973']

DOI: https://doi.org/10.1787/253dd6ee-en