Cohesion, Results-Orientation and Smart Specialisation
New Horizons in Regional Science series
Chapter 7: Conclusions on the reforms to the regional and urban policy in the European Union
The aim of this book is to explain the nature and rationale for the reforms to EU Cohesion Policy, the European Union’s regional and urban development policy. In essence EU Cohesion Policy aims to promote the growth and development of Europe’s economically weaker regions so that they are able to play a more enhanced role in Europe’s Single Market. This is to be realised by means of policy interventions and actions intended to foster many of the positive aspects of local growth and to mitigate some of the most severe and adverse aspects of local decline. The policy has already received a great deal of scrutiny over many years, as is warranted for major policies such as this. However, all aspects of the policy have received a fundamental reconsideration over recent years as a result of many different intellectual, practical and political economy influences deriving from many different quarters. These influences have ranged from openly hostile critiques to many different recommendations for reform based on different insights and experiences. These various critiques and recommendations have been incorporated into a wide-ranging reconsideration and redesign of the policy which has been implemented from 2014 onwards. In the light of these intellectual, practical and political economy influences, this book sets out to explain the broad development case for the policy and also the conceptual basis underpinning its current reforms.
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