Ellison, David. (2007) Market Correctives, Market Palliatives and the New Politics of European Economic and Regional Development. In: UNSPECIFIED, Montreal, Canada. (Unpublished)
The New Economy and the interests of more advanced EU Member states dominate current thinking on EU and national level economic and regional policy goals. European integration thus drives a political economy of regionalism that—far more than traditional divisions between labor and capital—defines the principal economic players in the New Europe. The New Economy drives a radical shift in EU policy from cohesion or redistribution toward innovation promotion, affecting both distributional struggles and policy approaches at the EU, national and subnational levels. Shifting strategies pose significant challenges at the national and subnational levels with important implications for future EU economic and regional development policy goals. The increasing concentration of funding on less advanced economies is eroding the policy’s traditional support basis and, ironically, diminishing its original intent and purpose.
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