Abstract
The uneven development and territorial disparities in the European Union (EU) have been increasing for years and has now reached a level that increasingly threatens its economic and social cohesion as well as the political stability. Cohesion policy is therefore more important than ever to ensure the competitiveness and cohesion of the EU. Based on the critical overview of the relevant literature, policy documents, conceptions and narratives, the paper argues for a renewed cohesion policy with reinforced territorial dimension, that should focus on place-based strategies, keep balance between efficiency and equity, as well as capable working together with other EU and national policies and initiatives.
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