New economic geography reveals challenges hindering European territorial cohesion.
The article discusses how the European Community aims to achieve social and economic cohesion by promoting balanced and sustainable growth across regions. Factors like resources, infrastructure, and innovation networks can make this goal challenging. By using new economic geography and endogenous growth theories, the article identifies obstacles to regional cohesion. The findings suggest that improving regional policies at European, national, and local levels can help address these challenges and promote economic convergence.