RESEARCH OF CONVERGENCE PROCESSES IN THE EUROPEAN UNION IN THE PERIOD 2014 -2023

The study of convergence in relation to the social and economic development of the member states in a given integration union has been reflected in a number of studies since the early 1990s. The importance of these processes and the role they play in deepening the integration processes has been recognized by the European Union. On this basis, in parallel with the development of the common market and the european economic and monetary union (EEMU), the Community pursues a cohesion policy as an instrument for improving the economic and social well-being of the less developed Member States and achieving a certain convergence between the EU Member States. Over the past decade, the EU has been subjected to a number of destabilizing processes coming from the internal and external international environment. This necessitates the consideration of the development of convergence processes and the possibility of divergence processes occurring between EU Member States in the period 2014 to 2023.