Carbon Monoxide Strokes Convergence Fund - European experience.

ORTUGAL that present the need for the EEC was at that time more than the aspiration of a common market. Spain entered the European club with approximately 60% of income per capita of the main partners. It was not long until the 75 th English President Felipe Gonzalez, in Europe argued that increases in income of poorer countries have a positive impact on demand for better-positioned partners and the convergence and the money needed to get there was to be considered by the rich countries as a future investment which they, their labor marketsto Europe in the late 80's, "which llevaríaa the expansion of the structural funds to become the first item in the hierarchy of the EU and the creation of the Cohesion Fund .

However, despite the colossal amounts of euros rained from Europe, the effectiveness of EU convergence policy is questionable. This is because,

"first, the aid community and the convergence is understood in Europe as a regional and not state, secondly there are important differences betweennominal convergence and real convergence, third, the convergence has been shown to depend more on the growth rates achieved by economies of amounts invested in development, and finally, convergence is not equivalent to equity " (* Source: European Paper 2010.)

These four concepts have become very relevant in recent decades.

Thus, delving into these elements, we see the evolution followed by distiC addition, there is a clear distinction between nominal and real. Nominal convergence implies convergence much less real.

In Argentina, we could be in the EU average in per capita income, but far in welfare indicators such as health, education, labor rights or social protection compared to Europe. Here is a reason for an urgent, real and deep application.

mp; aacute; analysis of beta convergence and sigma convergence. Board proposed in early nineties by two articles: "Convergence" published in the

Journal of Political Economy and "Convergence Across States and Regions" in

Brookings Papers of Economic Activity . They exposed two types of convergence called beta-convergence and sigma-convergence. This terminology has rapidly become a standard.

is said that among various countries has been

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Recent developments followed by the growth rates of the peripheral countries and the EU new member appeared to follow exactly the patterns of convergence expected by economic theory. However, the crisis has meant a step backwards in the process stagnating nominal approach.