To help the regional policy, four basic principles needed were Concentration on Priority of Objectives/Geography, Partnership, Programming and Additionality. One may argue why the need to rely on the competency of an instituted Commission in seek ways to accomplish the principles and procuring solution observed disparity (unemployment for example). It is obvious that the member states are also conscious of attaining quality implementation through institution of an almost independent Commission that can assist in reducing the level of disparities among members.
Though members can appropriately address inherent problem because individuals’ understanding by far outweighs that of a distant Commission, it has been proven from reliable results that institution of common operating regional policies better solve the problem of economic and social disparities, the Commission argued in its first presented report. According to Armstrong (1993; Jennifer R. 2006), it is convincing to agree that resources from donating members are better contributed under a unified coordination with the aim of addressing pressing needs in order of priority.
Furthermore, it is observed over time that development of regional policy has a very potent impetus in facilitating the need for integration that is one of the primary concerns for European Union establishment. On assumption of missions, the Commission openly took positions on certain transnational issues. On Common Market Project, the Commission visualized the need to evenly develop regions to avoid over congestion of some areas owing to good living condition. This could disadvantageously catalyze solitary sprouting of capital, labor and management investment.
The “conglomeration and agglomeration” risk posing a danger to the establishment of a common market as part of the integration aim of the European Union members (Von der Groeben 1985, 81; Jennifer R. 2006). Another threat is the perception of poorer members as being inferior to other major players in the Union. This could bridge the level of trust that forms the basis of any alliance in the world. On historical analysis of exchange rate disparity among members, the Commission has achieved a significant way of reducing the problem of fluctuation through implementation of Economic and Monetary Union.
With the projection that members of the Union need communicate with similar financial currency, common regional policy is necessary to raise any lagging members to reach a relatively equal developmental ladder. Though this step is faced with the initial battle of monetary devaluation in certain region, critical assessment glorifies this action in the long run when one evaluates the high benefit ratio to implementation cost. The achievement is done through the Commission’s mediation, among other means, in implementing the Union Common regional policy in line with developmental strategy that marks their vision.
Structural examination of the history of development of regional policy of the European Union does not leave out the agricultural sector untouched. The linkage between Agriculture and regional policy was outlined by the European Commission. According to the Commission in the CEC Third General Report (adapt: Conditional Leadership, Jennifer 2006), “The grave problem facing agriculture in the community cannot be solved in isolation. Development in other areas of the economy must play their part, and in this regard the overall economic situation is as important as the economic development of the agricultural regions themselves.
A common agricultural policies need to be backed up by the economic policies of the Member States and by a policy of regional development. ” Having discovered the presence of overproduction in produce, the Commission took a critical step in initiating regional policies that facilitate the reduction of yield in order to grow other areas of the economy. This is a very vital step at achieving a Common Agricultural Policy within moderation under the coordination of the Commission.
The regional policy reduced the Members’ ownership of farm holdings, recruiting both labor force and landed properties into other areas of the economy for economic balancing and proportionate development. Surplus product in agricultural sector does not increase income, rather, it only withhold asset that could result in higher income when invested in other sector such as industrialization. Furthermore, a common regional policy as touching EU development with no disparities will ensure speedy creation of jobs for the emerging farmers from the agricultural sector to prevent emigration and subsequent regional imbalance.