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  • 1 European Commission London UK
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Regional Policy is one of the most comprehensive European policies. It reaches out to and serves as a facilitator for several other policy areas. As the EU is just ahead of its comprehensive budget review exercise, one should pose the question: why a Regional Policy at EU level? What are the main strengths and weaknesses of the EU’s Regional Policy, how should its efficiency be reinforced? Looking ahead one can see a few important challenges that the Union will have to face. Globalisation, and the management of global imbalances and global crisis are obvious candidates for the list. The relocation of economic activity to Asia or to Eastern Europe has been an issue for some time now, an issue that creates societal unease in Western Europe. This article tries to find out how can and should the EU Regional Policy act under these circumstances.

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