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European Cohesion Policy And Present Global Crisis

Author

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  • ROMEO IONESCU

Abstract

The paper deals with the idea that the present global crisis supports the division of the EU27 Member States into three categories: EU15, EU 10 and EU2. Using the official Eurostat database, the analysis is focused on the most important economic indicators: GDP per capita, unemployment rate, trade balance, private and public consumption, saving rate, gross fixed capital formation, inflation rate and public debt. All these indicators are analysed separately are discussed on regions and Member States in order to quantify the disparities. The main conclusion of the paper is that the European Cohesion Policy is far away from done. The paper uses pertinent tables and diagrams which support the economic analysis.

Suggested Citation

  • Romeo Ionescu, 2011. "European Cohesion Policy And Present Global Crisis," Journal of Academic Research in Economics, Spiru Haret University, Faculty of Accounting and Financial Management Constanta, vol. 3(3 (Novemb), pages 471-479.
  • Handle: RePEc:shc:jaresh:v:3:y:2011:i:3:p:471-479
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    More about this item

    Keywords

    cohesion policy; catching up process; regional disparities.;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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