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When the 10 newcomers joined the EU, some Objective 1 regions became 'statistically' rich. That is, the lowering of the EU average pushed their...

When the 10 newcomers joined the EU, some Objective 1 regions became ‘statistically’ rich. That is, the lowering of the EU average pushed their incomes above the 75% threshold for Objective 1 status. Referring to the two theoretical frameworks discussed in the chapter, do you think it is correct for the EU to remove their Objective 1 status?

(Essay question nr.2 on the attached chapter. The frameworks are the comparative advantage framework and new economic geography-agglomeration forces)
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