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INTRODUCTION Regional Policy is one of the most controversial areas of European Unions communal programs The aim of economic and social cohesion as in the Treaty of European Union it is referred to has been to bring the lagging regions closer to the average level of EUs economic performance It is always difficult to appraise the achievements of any incentive scheme since it can be compared to nothing We must make assumptions about what would have happened if it had been carried out instead of that Therefore this essay does not intend to announce the final judgment on Regional Policy rather tries to demonstrate its effects made to reduce the regional disparities in the European Union I try to present as many facts and figures as is required for anyone to draw hisher final conclusion The question is far more complex than to be simply summarized as a failure or success Because of the above mentioned reasons it is impossible to tell where the regions would have arrived at without the undertaken actions Hence I feel my obligation to point out precisely the work and effort that have been done so that critical analysis could be carried out INTRODUCTION TO REGIONAL POLICY I think before going into detailed discussion of the policy it is worth examining the structure and idea of the whole process to be able to comment its accomplishments later on Therefore I would like to start with a short description of the bodies it is based on the ideas by which the aims are set and some factual data to see what was actually spent on the problem regions With the accession of Spain Portugal 1986 and Greece 1981 the population of EU grew by 22 per cent while its GDP only by 10 per cent It was one of the many reasons why the Regional Policy became more appropriate and stressed within the EU gaining
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