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Moucque, Daniel
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[Journal:] EIB Papers [ISSN:] 0257-7755 [Volume:] 5 [Year:] 2000 [Issue:] 2 [Pages:] 13-24
The European Union is facing challenges that have important implications for its economy as a whole and for regional cohesion in particular. The transition to the euro had already started, as had the process of enlargement towards Central and Eastern European countries. This occurs against a backdrop of increasing globalisation and a ‘second industrial revolution’ based on information technology. The current essay consequently surveys the resulting social and economic trends in the regions. Section 2 finds that there is a clear distinction between a successful, prosperous and competitive EU core and regions, often in the periphery, which perform less well. Section 3 briefly surveys the factors that underlie competitiveness, and suggests that the main reasons for poor performance can be found in unfavourable sectoral structures, a lack of innovative capacity, poor accessibility and low education. The situation in Eastern Europe is discussed in Section 4. Finally, Section 5 summarises and concludes.
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