ABSTRACT

The "regional problem" in the Great Britain is in many ways more complex than in other countries. This is true despite the fact that Great Britain is not a federation. Britain was the dominant economic power, particularly in the nineteenth century, and economics became an "overwhelmingly British subject." Regional development policies and programs of the kind Britain had known in the 1960s and 1970s were less and less in vogue. The European Community has three funds from which member countries can draw resources to promote regional development. In addition, the community can give loans for regional purposes through the European Investment Bank and the European Coal and Steel Community. In 1987, the three funds represented about 19 percent of the community's budget. It is envisaged that the funds will account for one-quarter of the budget by 1993.