Acta Universitatis Danubius. Œconomica, Vol 13, No 3 (2017)

Common Agricultural Policy in the Context of the New Challenges

Romeo Victor Ionescu

Abstract


The paper puts into account the future development of the     EU agriculture under the new approach of different levels of integration from 2021. The analysis in the paper is important at least from two aspects: agriculture is a very important activity for the EU and PAC risks to become inefficient under this new approach. In order to point out the effects of multilevel integration on agriculture, the analysis is focused on four representative indicators: crop output, animal output, gross value added and agricultural income. The comparative analysis leads to an intermediate conclusion that the Member States can be grouped into three clusters. Moreover, regression leads to the same conclusion: greater disparities related to agriculture between the three levels of integration and inside each circle of integration. The analysis covers financial and physical aspects of the agriculture and is based on the latest official statistic data, tables and diagrams. The main conclusion of the analysis is a very pessimistic one: an EU with three levels of integration will lead to important increase in regional disparities at least for agriculture.

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