MACROECONOMIC ASPECTS OF REGIONAL POLITICS OF THE EUROPEAN UNION
Journal Title: Acta Economica - Year 2009, Vol 7, Issue 10
Abstract
Regional politics is one of the key common politics of the European Union. Its objectives are the growth of economic-social cohesion and equalizing the levels of development. Such conception of development requires high budget transfers, which necessairly lead to social redistributions and disruption of the ground-principles and values the European idea is established at. Disruption of the principles of free competition is only one of unwanted consequences and controversies of the regional politics. European model of regional development prefers long term objectives and strengthening of the aggregate offer points to the antikeynesian sharacter of the regional politics of the European Union. It ifluences on the macroeconomics of the regions which use the largest subventions from cohesive and structural funds. And besides the positive macroeconomic tendencies, which are shown in construction of the infrastructure, opening of small and middle enterprises (that is in strengthening the aggregate supply), reduction of the unemployment etc., this model of the development of less developed territories is a subject of numerous criticisms. They are not directed only to the level and efficiency of expenditure the budget transfers, but to that, that these measures imperil the functioning of the free market, strengthen the authority of administration, often avoiding the national governments etc. Although it is centralized at the Union level, the regional political factors influence strongly on the regional politics sa well. As a consequence, numerous regional agencies are opened in the centre of the European Union. But, the results are not yet proportional to the efforts of central, national and regional politics. However, it must be stressed, that the European Union will keep on reducing the developmental disproportions (of the old, but as well as of the new accepted members) and strengthen the economic-social cohesion. That's why the measures of the regional politics are going to have the important role in the future economic development of the Union, but in the processes of the extension as well. Of course, there are numerous other, non-economic and contextual objectives and aspects of the regional politics of the European Union, which are the subject of the interest of other scientific disciplines.
Authors and Affiliations
Горан Поповић, PhD
Keywords
Related Articles
- EP ID EP43666
- DOI -
- Views 330
- Downloads 0
Theoretical aspects of concession as an economico-legal category
Contemporary processes of globalization and internationalization of national economies, as well as strengthening of trends of integrations on a regional scale mean that some huge infrastructural investments are necessary...
http://ae.ef.unibl.org/index.php/AE/article/view/18/13
Unlike competitive markets with theoretically infinite number of agents whose decisions merge into a large mass of other agents’ decisions, forming prices as allocation parameters controlled by no one, international aren...
FINANCIAL EVALUATION OF INVESTMENT PROJECTS PROFITABILITY
Justifiability evaluation of an investment projects is a very complex process which request appreciation and consideration of all relevant factors, first of all determining of the effects obtained by implementation of ce...
The companies’ appraisal in terms of inactive capital market
In the inactive capital market value of company is not easy to determine. It is evident that in the case of inactive markets, the process of input determination for assessing the value is more complicated, and the value...
The use of conjoint analysis to review the attractiveness of credit conditions
The increase in aggregate demand is one of the primary goals of every economy. By achieving this goal, many positive effects in economy are also achieved which is manifested through increase in consumption, investment and...