The European Union: Regional Policy

8 July 2017 | Author/Destination: | Rubric: Editorial, European Union, General

Regional policy of the European Union
The Regional policy of the European Union (EU), also referred as Cohesion Policy, is a policy with the stated aim of improving the economic well-being of regions in the EU (European Committee of the Regions) and also to avoid regional disparities. More than one third of the EU’s budget is devoted to this policy, which aims to remove economic, social and territorial disparities across the EU, restructure declining industrial areas and diversify rural areas which have declining agriculture. In doing so, EU regional policy is geared towards making regions more competitive, fostering economic growth and creating new jobs. The policy also has a role to play in wider challenges for the future, including climate change, energy supply and globalisation.   read more…

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