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Article Excerpt
Abstract
The aim of this paper is to analyze the economic and social cohesion from the Spanish perspective. The hypothesis is that the economic and social cohesion in the European Union needs three requirements. First, the Structural Funds, European Regional Development Fund, European Social Fund and European Agricultural Guide, and Guarantee Fund, increase their weight in the community budget. Second, the resources of those funds must be concentrated on the lesser developed regions. Third, each region assigns its resources to the improvement of the factors that contribute to its backwardness (quality of human capital, innovation, development, and managerial initiative). The analysis is based on the first and second Community Support Framework [CSF 1989-93 and GSF 1994-99]. (JEL R58, O18)
Introduction
The competitive opportunities in a global environment in the twenty-first century require the existence of human and innovation capacity, associated with a professional and managerial dynamism. This will help to improve the development of local areas in the European Union (EU). Regional politics need to focus on the qualitative aspects of development--training human capital, innovation, and managerial dynamism. Appropriate infrastructures must be accompanied by measures dedicated to improve the quality of human capital, to consolidate managerial initiative, and, mainly, to generate capacity and adapt to the constant changes taking place in a global environment.
It is relevant to research how the regional politics of the EU contribute to the aim of the Single European Act which is to achieve economic and social cohesion. This analysis considers the first and second Community Support Framework (CSF 1989-93 and CSF 1994-99). First, the paper analyzes whether the Structural Funds, European Regional Development Fund (ERDF), European Social Fund (ESF), and European Agricultural Guide and Guarantee Fund (EAF) increase their weight in the community budget and if their resources have been concentrated on the objective 1 regions . The next section researches whether each region assigns its resources to the improvement of the factors that explain its backwardness.
Structural Funds: Economic and Social Cohesion
The economic and social cohesion of the EU is related to the increase of Structural Funds,...
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