Nobody downloaded yet

The European single market crisis - Essay Example

Comments (0) Cite this document
Name Institution Course Instructor Date The European single Market Crisis Table of Contents Table of Contents 1 Introduction 2 The crisis in the formation of single markets 3 Possible solutions to the single market crisis 6 Conclusion 16 Bibliography 17 Introduction The European economy reigned in propulsion since the 1980s until 2008-2009 when it suffered from adverse recession, and increased unemployment…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95% of users find it useful
The European single market crisis
Read TextPreview

Extract of sample
"The European single market crisis"

Download file to see previous pages This essay entails of the factors that the Europe focuses to use in making positive changes stimulate economic growth. It outlines the various approaches that the country seeks to use in economic recovery process, asserting relative data sources and the theoretical perspective on the data’s view. The country’s policies propelled tremendous economic growth since the year 2009, with a relative increase in GDP. The highest marginal implication on the GDP was an overall increase by 3% throughout the years of 2009-2011. This was possible despite the many challenges that the state suffered after implementing the single market, which affected economic integrations. B Balassa encouraged the implementation of single markets with arguments that it would help the country achieve monetary union in the globe. They argued that single markets would help eliminate most of the barriers though this was not possible with the free movement of goods, services, people, and even capital (Baldwin and Wyplosz, 2009: 256). As the European states aim at improving on their financial capacities, some of the main objectives laid down help in strategizing plans for the progress of the economy (Nello, 2009: 219). The stability of the euro is necessary to help build confidence to other states in trade transactions. The issue of maintaining the tax rates for enabling the prices of commodities to suit the consumer financial ability. Tax increase results to an increase in production costs and thereby increasing the commodities cost. This in return increases the living costs and demands for increases in salaries by the consumers. Another issue lies on creating an internal market for local commodities by laying import regulations within the region. This helps solve the cross border conflicts and increases efficiency of financial institutions between the regions (Piggott and Cook, 2006: 76). The crisis in the formation of single markets Through the integration of European countries, after periods of World War II between America and Europe has helped calm the economic crisis. Many economic treaties enacted helped improve on economic performance and to strengthen competition between the regions to help increase the quality competence of products from the two regions (Craig and Elliott, 2009: 209). The European Union also passed several acts in their agreement and gave directions on financial expenditures towards developing the rural areas and developing reliable energy production, which would majorly boost on the emergence of new industries increasing the economic activities in the region. Through the cohesion between the two regions, the internal market developed competence in the global market and thereby this ensured that the economy was strong even after the crisis (Cini and Borraga, 2010: 164). The European single market was at efforts to pursue single currency for all the member states and aimed at getting involved in international trades as one joint unit. They believed that such effort would help increase the trade area, reduce operational costs, and implement similar economic policies across al the union states. They had similar tariffs and quota systems with outside states but free trade within member states. They faced challenges on standardization of qualities and regulations and specifications for production. The lag by the union states in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The European single market crisis Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
The European single market crisis Essay Example | Topics and Well Written Essays - 4000 words. Retrieved from
(The European Single Market Crisis Essay Example | Topics and Well Written Essays - 4000 Words)
The European Single Market Crisis Essay Example | Topics and Well Written Essays - 4000 Words.
“The European Single Market Crisis Essay Example | Topics and Well Written Essays - 4000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
European Single Market
...? European Single Market Part One Were Ultra and Media en d to ban the Infran Produce? One of the important characteristics of the market of the European Union (EU) countries is the free movement of goods between economies. This movement has facilitated to develop the internal market of the EU which in turn has encouraged the European businesses to grow and flourish. The EU has formulated laws to ensure that no quantitative restrictions are placed on the import and export of goods between the member countries. There can, of course be exceptions to such cases. This paper attempts to analyze the pros and cons of such an...
14 Pages(3500 words)Essay
European Single Market
...?Running head WILDBEAR: EUROPEAN SINGLE MARKET European Single Market Insert Insert Insert January 29, A report from the Head of Legal Department, Unifilm plc Overview Our company, Unifilm plc is a registered public limited company in the United Kingdom. United Kingdom is one of the key members of European Union (EU), a union that draws its members from the independent and sovereign states found in Europe. As such, our operations as a company are under the provisions of the EU laws. The EU has had a number of treaties that outlines its operational policies. The first two treaties are the ‘Treaty on...
7 Pages(1750 words)Essay
...the EEC Treaty coming into force a “new legal order” came to exist, which caused EU law to enter into domestic law and that domestic courts are “bound to enforce” it. And (2) that “transfer from [member states’] domestic legal systems to a Community legal system” meant a loss of sovereignty and hence any subsequent act made in breach of EU law would be ineffective, since EU law would prevail. It was held by the ECJ: To allow national laws to be effective even when they conflict with EU law would frustrate the aim of creating a truly common market. It is implied that EU law is supreme over national law: otherwise it would be meaningless to say that regulations are binding and directly applicable…as national legislation...
7 Pages(1750 words)Essay
LAW 2112 EUROPEAN SINGLE MARKET shared between member states in the principle areas below: 1) Internal market. 2) Social policy. 3) Economic, social and territorial consistency. 4) Excluding Biological Resources, Agriculture and fisheries. 5) Environment. 6) Consumer protection. 7) Transport. 8) Networks for the Trans-European society. 9) Energy. 10) Freedom, security and justice. 11) In public health matters The Union has competency to bring out actions to support, coordinate or supplement the actions of the Members of State. The actions are at the European level and are listed below: 1) Protection of human health. 2) Industry. 3) Culture. 4) Tourism. 5) Vocational training, education, and youth and sport. 6) Civil...
7 Pages(1750 words)Essay
The Single European Market
...?The Single European Market Number Due Indeed it is not a matter of argument on the success of the Single European Market. The major objective of the European Union at its formation as the European Economic Community was to make the economies of the member states very interdependent and to reduce the chances of any wars between the countries. Through time, much progress has been realized in the EU given the creation of a single market and the adoption of a single currency across the region. Further, there has been a coordinated conduct of the member...
3 Pages(750 words)Essay
The Single European Market
...? Single European market One of the major aims of the European Union was to make the member s economies completely mutual.This led to the creation of the single market. The European single market consists of the most determined and broad in scope supply-side program to be launched in the European countries commonly termed as the White paper 1985 (Barnard, 2002, pp. 10). This was aimed at increasing and providing sustainable jobs and to enhance the economic growth within the member states, provide for one currency between the member states and free movement of citizens...
3 Pages(750 words)Essay
Euralia and the European Single Market
...Euralia and the European Single Market Concept The European Union has officially emerged into a sovereign being by itself. As a matter of fact, it has extremely altered the international political order. To qualify for Union membership, the most important condition is location. Euralia, which is situated in the eastern part of Europe, is perfectly qualified, conditioned on its compliance with the political and economic pre-requisites.1 (Accession criteria. European Commission Enlargement. [internet]) Consequently, Euralian citizens shall also become Union citizens.2 As such, they shall enjoy certain rights and benefits which are, however, subject to certain constraints. Among the rights conferred upon a citizen of a member state... the...
6 Pages(1500 words)Case Study
Single European Market
...On December, 31st, 2007 the Single European Market has celebrated its fifteenth anniversary. The age is not so significant by historical measurements, and nevertheless the most courageous forecasts of the development of the European integration, which had been made in the beginning of 1990s, had met the expectations. The Single Market today is an attractive and rather transparent environment for business and that is why during last fifteen years it has increased more than by one third. Owing to the unity of the market, the conditions of life in Western and Central European countries have notably...
7 Pages(1750 words)Essay
...and political reality,’ Jean Monnet (1978), one of these founding fathers, wrote in his Memoirs. Just like the rulers of the Roman Empire, Europe’s leading political minds of the 1950s and 1960s bet on the deep economic integration, entailing inevitable political integration, to create a new powerhouse similar to the Roman Empire in its heyday. And like the Roman emperors experienced difficulties integrating new tribes and nations and creating a common single imperial market with a common currency, the EU went through a bitter, yet unfinished, process of integration and expansion. This far reaching process began with the Treaty of Paris in 1951, went through the creation of the European...
6 Pages(1500 words)Essay
LAW2112 European Single Market
...European Single Market A. Marie (French) A linguistic competence requirement in Welsh may not be discriminatory, and therefore not a breach of the freedom of movement of workers under EU law, as against Marie, if the school where she applied as a PE teacher uses the Welsh language as its medium of teaching. Article 45 s(2) of the Treaty on the Functioning of the EU provides that the freedom of movement of workers granted to EU citizens under the said law entails the elimination of discrimination on the basis of nationality that can render the purpose of the said freedom, which is mobility within the Union, defeated. However, under Regulation (EEC) No 1612/68 issued on October 15 1968 on...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The European single market crisis for FREE!
Contact Us