Regional Policy (Spicers European Policy Reports) by N Copperthwaite

By N Copperthwaite

The eu group has dedicated itself to selling 'economic and social unity' throughout its areas. Its expenditure - through the 'structural cash' - for those reasons is decided to double by way of 1993. A key component to such expenditure is the ecu neighborhood improvement Fund, that is receiving expanding cognizance from neighborhood and nearby representatives and officers, in addition to from businesses contemplating the place to find their companies. The built-in improvement operations of the EC contain very important new projects on the neighborhood point. This quantity explains how the ERDF operates and its courting to different assets of investment from the EC. It bargains complete and updated details, in a conveniently obtainable structure. part II summarises the most important EC coverage records concerned, and part III offers an entire directory of all of the proper files throughout a variety of diverse elements.

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Sample text

The Commission’s response, Reform of the Structural Funds (COM(87) 376/2/revision 46 REGIONAL POLICY final), sets out the main principles underlying the reform of all three Structural Funds. They are: concentration of the Funds on specific objectives, providing the Funds with adequate resources to deal with the Community’s problems, establishing a new approach based on complementarity, partnership and programming, and simplifying procedures and improving co-ordination. The changes were fleshed out during 1988 and are embodied in three main Regulations: a Framework Regulation (2052/88) setting out the overall tasks of the Structural Funds, a Horizontal Regulation (4253/88) laying down the provisions for the co-ordination of the Structural Funds with each other and with the European Investment Bank and other financial instruments, and an Implementing Regulation (4254/88) laying down provisions for implementing the Framework Regulation with respect to the European Regional Development Fund.

Economic convergence suffered a further setback because, like the UK and Ireland at the time of their joining, the new Member States suffered higher than average unemployment rates, higher than average inflation, and were running current account deficits. Each enlargement of the Community has replaced the weakest states in terms of per capita income. The most recent enlargement, whilst adding 18 per cent to the population, has added only about 12 or 13 per cent to gross domestic product and to the labour force in employment.

Here again convergence can only be achieved 34 REGIONAL POLICY where such support is directed primarily at areas lagging behind in development, or those facing the need for a change of direction, such as the declining industrial regions. In the latter, there are additional problems associated with the unattractiveness of the physical environment, often the legacy of past development, which have a de-multiplying influence. In these circumstances, regional policy needs to be directed at improving the landscape of both towns and countryside so that SMEs, new technology and people are attracted to those areas as pleasant places to live and to work.

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