Consequences of the European Union’s Cohesion Policy on Regional Inequalities across Europe

Abstract

This study examines the impact of the European Union’s Cohesion Policy on regional
disparities across its Member States, with particular attention to developments since 2014.
Using a combination of literature review and a qualitative research approach focusing on
Greece, the analysis explores the extent to which Cohesion Policy has contributed to
reduction of regional disparities. The findings indicate that, despite overall economic
growth, regional disparities persist, with more developed regions responding more
effectively to policy interventions and demonstrating greater resilience during periods of
crisis. While Cohesion Policy has supported development across regions, its contribution to
convergence remains limited, particularly in less developed Member States such as Greece.
JEL Classification: R11, O18, O52.
Keywords: Regional Inequalities, Economic Development, European Union, Cohesion
Policy, Greece