The chapter analyses two of the most important issues related to all economic systems: growth and competitiveness. The chapter considers the evolution of the EU GDP and of the EU GDP per capita since the inception of the first financial perspective, by displaying the average growth rates in the five periods that have been marked by financial perspectives (Multiannual Financial Frameworks). Moreover, it discusses the competitiveness of the EU and compares it with other world regions (i.e. US and Japan). The chapter also considers the degree of competitiveness in the various NUTS2 regions of the EU. Lastly, the role of the EU budget for growth and competitiveness, between the first financial perspective that covered the period between 1988 and 1992 and the MFF for the period between 2014 and 2020, is considered. Such analysis is carried out by displaying the historical development of the expenditure commitments of the EU Commission.
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