Divergences in the European Union

Abstract

The economic differences between the regions of the European Union are a continuous concern for both politics and economic research. Starting with 1990, the European economy, embedded in turn in the economic events that occur at global level, is entering a new era of convergence, where GDP per capita in emerging and developing countries as a whole started to outperform those of the advanced economies, from which we could draw the real convergence nature of the events. In the EU, since the EMU establishment and the implementation of the single monetary policy, nominal convergence has been and continues to be far more prominent than real convergence. This paper aims to carry out an analysis of divergences and convergences in the European Union based on research on the various theories available in the literature and on the current situations of European countries.