Slovakia Catching-Up Regions : Prešov Region - Key Development Dynamics
Though the European Union (EU) is a development conversion machine for national economies, it is less so for subnational regions. EU accession countries have been catching up to regional averages in terms of economic development since they joined t...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/293801549525274294/Prešov-Region-Key-Development-Dynamics http://hdl.handle.net/10986/31252 |
| Summary: | Though the European Union (EU) is a
development conversion machine for national economies, it is
less so for subnational regions. EU accession countries have
been catching up to regional averages in terms of economic
development since they joined the union. The economic
success of the accession countries reduced disparities in
national GDP per capita, but since 2005 both EU-wide and in
most individual countries the gap between most- and
least-developed subnational regions has been widening. This
suggests that in accession countries growth, and its
benefits are concentrated in a few regions, mostly large
cities and national capitals, while many areas fall further
behind. Slovakia illustrates the difference between national
convergence and subnational divergence. While Slovakia is
considered one of the EU’s economic stars, it also has some
of the union’s highest regional disparities. Slovakia’s
impressive economic gains over the last two decades were led
by Bratislava region, which in 2016 became the sixth richest
region in the EU by GDP per capita. On the other hand,
Eastern Slovakia, which includes Prešov, is among the
poorest regions in the EU. This report on the Prešov region
of Slovakia, reviews patterns of regional development in
Slovakia, discusses opportunities and challenges of the
Prešov region, and recommends policy actions for the region. |
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