ABSTRACT
The recent acceleration of the European integration has been mainly designed so as to produce convergence in the monetary variables, while the disparity in real variables has remained as an open issue, especially the disparities in economic growth and unemployment. Most of the European regions seem to follow the predicted pattern of convergence and structural change. As far as regional disparity is concerned, the information technology innovations undoubtedly favor accessibility of the peripheral areas, thus favoring convergence in both growth and unemployment. The relationship between economic growth and unemployment is a problem in itself, both from an analytical and interpretative point of view, as well as for policy prescriptions. Sectoral dynamics is characterized by strong flows of out-migration of labor from agriculture towards sectors that are highly heterogeneous across European states and regions. The sectoral perspective makes evident the opportunity to include the governance of the three-sector mix among the objectives of economic policy.
