The Evolution of Real Convergence within European Union: Progress, Disparities and Development Perspective
Year: 2025
Type: article
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.
Authors: Marius Augustin Draganescu, Florin-Cornel Popovici, Alexandru Avram
Institution: West University of Timişoara
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Reduced inequalities
Open Access status: diamond
OpenAlex ID: W4408371491