The Evolution of Real Convergence within European Union:Progress, Disparities and Development Perspective

This article evaluates the evolution of real convergence within the European Union, focusing on the progress and disparities that have shaped economic development across member states.Real convergence, a process through which less developed economies improve their economic performance relative to more advanced counterparts, which is essential for achieving economic cohesion within the EU.From this perspective, real convergence plays a significant role in ensuring balanced economic growth and reducing regional disparities, which are essential for maintaining social cohesion and economic stability across the EU.By narrowing the income and development gaps among member states, real convergence supports the EU's broader objective of fostering an integrated and resilient economic union.

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Publication Details

Journal
Ovidius University Annals Economic Sciences Series
Published
2025-02-20
DOI
https://doi.org/10.61801/ouaess.2024.2.68
Primary Topic
Regional Development and Policy
Type
article
Field-Weighted Citation Impact
0.00
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article

The Evolution of Real Convergence within European Union:Progress, Disparities and Development Perspective

Alexandru Avram, Florin-Cornel Popovici, Mihai Drãgãnescu
Ovidius University Annals Economic Sciences Series
Regional Development and Policy
article

The Evolution of Real Convergence within European Union:Progress, Disparities and Development Perspective

Alexandru Avram, Florin-Cornel Popovici, Mihai Drãgãnescu
article en

Abstract

This article evaluates the evolution of real convergence within the European Union, focusing on the progress and disparities that have shaped economic development across member states.Real convergence, a process through which less developed economies improve their economic performance relative to more advanced counterparts, which is essential for achieving economic cohesion within the EU.From this perspective, real convergence plays a significant role in ensuring balanced economic growth and reducing regional disparities, which are essential for maintaining social cohesion and economic stability across the EU.By narrowing the income and development gaps among member states, real convergence supports the EU's broader objective of fostering an integrated and resilient economic union.

Ovidius University Annals Economic Sciences SeriesVol. 24(2)
West University of Timişoara (RO)
Openalex Percentile: Top 95%
Regional Development and Policy
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