The study is based on the critical observations that the competitive market forces alone are not able to assure the convergence with the developed countries. These observations are grounded on the results of the computation of the marginal capital rate of return, as well as the real process of polarisation of the economic activities, taking place worldwide and in accordance with the law of competition. The EU’s economic policy is realistic as it is based on the harmonisation of the market forces with the economic policy based on the principle of cohesion, which supports, by economic levers, the less developed regions and member countries. * Study within the CEEX Programme – Project No. 220 “Economic Convergence and Role of Knowledge in Relation to the EU Integration”.
neoclassical model, marginal capital rate of return, polarisation, convergence, divergence, cohesion, cohesion funds, structural funds, variation coefficient.
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