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The study investigates how Cohesion Policy responds to emerging and existing demographic and socio-economic challenges. Following an overview of the main socio-economic challenges, it provides an assessment of Cohesion Policy strengths and weaknesses in tackling these challenges in the 2014-2020 and 2021-2027 periods. It then considers the policy implications for future Cohesion Policy and the role of the European 合法博彩网站. The study is based on a review of the relevant literature and data, stakeholders鈥� interviews and five regional case studies.