The ten accession countries joined the EU on 1st May 2004. The countries are: Cyprus, Slovenia, Malta, Czech Republic, Hungary, Poland, Slovakia, Estonia, Lithuania and Latvia. There are a number of ways in which the economies of the accession countries differ to those of the EU fifteen. Firstly, all of the accession countries have larger agricultural sectors than that of the EU fifteen. On average, 20% of the accession countries labour force is employed in agriculture compared to an average of 4% for the EU fifteen. Also, on average, accession countries have smaller economies and lower incomes per head. EU regional policy aims to reduce the differences between the countries. This may be done in a number of ways, for example, through subsides and increased public expenditure by the ECB. It can be argued that EU regional policy is responsible for economic development in the accession countries. However, there is also evidence to show that economic development has occurred due to......

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Title: To What Extent Is The Economic Development Of The Accession Countries Likely To Be As A Result Of Eu Regional Policy?
Approximate Word Count: 984
Approximate Pages: 4 (250 words per double-spaced page)

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