This paper examines the impact of the EU Cohesion Policy on the relative development of EU countries as well as on the development of NUTS-2 regions within member states. The main hypothesis is that the Cohesion Fund payments are reducing inequalities between member states, while failing to decrease the regional inequalities within member states in the European Union. The basic conclusion is that Cohesion funds should not be viewed as the only solution for the problem of regional inequalities in the EU, but rather as a complementary policy instrument to national regional policies. However, the problem of creating institutional capacity for the withdrawal of the Cohesion resources remains emphasized, especially in new member states with lower real GDP growth, in order to compete for projects of highest multiplicative effects on the economy.
The aim of this research is to present the changes which are happening in the second half of the 20th Century, in the matter of significance of service companies in developed economies. This paper starts with the classification of services accompanied by the statistics of OECD, which are: I- trade, hospitality industry and hotel industry, II- transport, storage and communication, III- finances, insurance, immovables and business services, IV- communal, social and personal services and V- administration services. The research results are presented through quantitative analysis, and they are pointing out the amount of potentials of services which Croatia has to applicate according to the intention to develop towards the West. The results of this countries, have to become the guiding light which will enable the Croatian economy to rise towards prosperity by putting into function its comparative advantages in functions of profit.
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