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Various institutions of the Union, with ever
increasing frequency and emphasis, have devised
policies and initiated mechanisms which are best
represented by the concept of governance. The
Union, while formulatinf common policy in
limited areas, has accepted the principle of
subsidiaity in many others, encouraging
collaborative schemes and approaches among
various actors, at the lowest possible
administrative level. Major instruments for
implementation like the Social Fund and Regional
and Cohesion Fund envisage and encourage a new
societal division of labour, new types of
collaboration among a multiplicity of stakeholders
and new forms of participation and accountability,
true to the sprit of governance. All these
developments and trends justify a course in which
this concept and its various applications within the
European Union are taken up systematically, with
a view to derive policies for candidate countries
during their process of harmonization.
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