Theoretical and practical aspects of Lithuanian convergence in the European Union

Abstract

The following results of our investigation were obtained: -The convergence, including economic convergence, its factors and indicators identified in the research can be used to analyze the process of economic development, which is especially important to national sustainability of the country; -The economic convergence of Lithuania in the context of EU-28 can help eliminate social exclusion in Lithuania and its regions; -We argue that there is a need for comprehensive analysis of economic convergence factors and their impact for economic development in Lithuania. -The above observations allow us to summarize that the determination of different types of convergence, various factors of economic convergence helps to increase economic harmonization in the EU-28, including Lithuania.