Nobody downloaded yet

Why did European states engage in a process of economic integration Are the original reasons still valid today - Essay Example

Comments (0) Cite this document
The major objective of the integration was to promote the elimination of barriers that exist between the member states such tariff barriers. The main basis of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Why did European states engage in a process of economic integration Are the original reasons still valid today
Read TextPreview

Extract of sample "Why did European states engage in a process of economic integration Are the original reasons still valid today"

Download file to see previous pages The competition was expected to increase in the integrated market was expected to result to productive allocation of the economic resources. Integration was aimed at providing the investors with incentives to invest in innovations improving the dynamic efficiency of the economy. The consumers in the market benefited from the integration as the prices were low and there was more variety of goods and services. The internal market has played an important role in promoting integration though the potential has not been exploited fully. This paper gives an outlook at the reasons why the states engage in market integration, the benefits and shortcomings.
There has been a constant relation between the political system and the legislative system over the past few decades resulting to the implementation and formulation of internal programmes and policies that contribute to integration. Law and politics are seen to interact and this has led to the laying down of policies that lead to the strengthening of the regional integration through increased competition, regional policy and industrial policy as explained by Geradin (2004). This has led to drastic improvements in the agricultural sector, fisheries, social systems and the environment. The level of justice has improved leading to the overall changes in the home affairs of the member states. This has led to the adoption of a common currency and market liberalisation in the region. This is however a representative since in most sectors there is a portfolio of initiatives instead of having a single one encompassing many policies.
The European Union was initiated in the 1980s with the publication of the White Paper that mainly dealt with the establishment of a common market. This was mainly to fight against the political, monetary and economic crisis experience in the past decades. The union helped in the restoring confidence in the European market and improving the performance of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Why did European states engage in a process of economic integration Essay”, n.d.)
Retrieved from
(Why Did European States Engage in a Process of Economic Integration Essay)
“Why Did European States Engage in a Process of Economic Integration Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Why did European states engage in a process of economic integration Are the original reasons still valid today

United States support for European Integration

...that a united Europe will decrease the burden of global leadership on the US, especially in relation to allocations in defense. With a strong European defense, the US believes that securing global safety would be an easier process (Gardiner, 2011). The economic integration of Europe can be associated with liberal intergovernmentalism. The United States supports the notions established by this theory as it believes that there are political actors, aside from national governments which have a major impact in integration (Sandholtz and Sweet, 1998). In the realm of national politics, interest groups impact on government decisions, however,...
10 Pages(2500 words)Term Paper

The Greek challenge for European economic integration

...currency akin to the Euro that is used by the states in the European Union as a form of currency. The countries can also make trade between them easier by providing goods and service needed by the one country say x in exchange for what the other country say y produces and is needed by x. The main concepts of economic integration include the following. (a) Customs union -A common external policy to free trade area (b) Common market- this is a situation whereby factors of production can flow freely within a custom union (c) Free trade area –is an area where the tarrifs have been waived for the members of the block. The tariff however, applies for the non-members....
16 Pages(4000 words)Dissertation

Process of Economic Integration in the World Today

...observed in retail banking sector (EUbusiness Ltd, 2013). The third feature of economic integration relating to its process is constituted by labour mobility. As the labour market begins to tighten itself in developing economies, absence of openness may result in generating the risks of wage pressure. In most part of the European Union, it can be viewed that cross border labour mobility is still limited, restricting in developing the economy by a certain degree through the emergence of regulatory barriers. The other facet of economic integration in relation to its process can be viewed as synchronizing...
5 Pages(1250 words)Essay

European Integration

...Introduction Memorandum on the Organization of a Regime of European Federal Union may be seen as the advent of European integration. The memorandumwas produced for the French government as a proposal for European Union in 1930. As such European integration can therefore be said to be the process of cooperation of the European states and those sates that are partly in Europe. The integration is on legal, political social and even economical platforms. The integration is achieved through what is commonly called the European...
11 Pages(2750 words)Research Paper

European economic integration results in European cultural integration. Discuss

..., there are those who suggest the cultural integration is more or less impossible since the differences between the countries which form the European Union are so vast that a cultural divide will always remain (Bruter, 2004). For example, the case of America can be presented where cultural divides still exist even when the economies of the American states are more or less perfectly integrated and the language is also the same. Despite these similarities, there are significant differences between urban and rural American cultures as well as the several subcultures living in the country. It seems that cultural and economic...
4 Pages(1000 words)Essay

Rethinking the European Integration

...integration as it exists today is largely confined to the domain of economics. In other words, the dismantling of labour movement barriers between nations, the floating of a common currency, the adoption of common laws pertaining to trade and commerce, are all outside the purview of domestic/internal policy. To this extent, the constituent nations retain their cultural and social uniqueness, while still benefiting from new economic opportunities created within Europe. This essay will look into the advantages and challenges created by the process of integration by way of studying its various facets. The...
10 Pages(2500 words)Essay

European Integration

...‘In the seventies and the first half of the eighties, the process of European integration came to a standstill, widely known as Eurosclerosis. Eurosclerosis refers to the stagnation, inflation and unemployment that followed to the oil crisis of 1973, when the price of oil quadrupled. As the member states preferred to tackle these problems individually instead of collectively, by pooling resources, the term as a synonym for little or no progress on European integration. Not surprisingly economic liberalization proved unpopular. Furthermore, Decision-making was aggravated by the extensive use of the veto.’ The neoliberal...
9 Pages(2250 words)Essay

Reasons for European Economic Crisis

...that would be covered by their national guarantees for financing resolution of the crisis particularly in the financial sector (Desai, 2011). A number of economists also suggest that as a way of addressing the challenge of economic crisis in the long term, it is important t use Eurobonds. According to them, Eurobonds could be appropriate instruments of solving the crisis as a whole, and particularly the debt crisis that is facing a considerable number of European countries (Musialkowska and Wroblewski, 2012). Considering some of the causes of the crisis, it would be crucial if Eurozone member states would create a common fiscal union. As has been mentioned, one of the main...
10 Pages(2500 words)Essay

European Integration and Sovereignty

...European Integration and Sovereignty This paper critically looks at why some European s chose integration after the World War II without minding about ceding their sovereignty. Perhaps European history for the last 50 years can show that a nation’s participation in the integration process does not mean that they will necessarily lose their sovereignty. If anything, they stand to gain a lot economically, politically, and socially. Some of the critical aspects the paper seeks to look at include relations and co-operations among member states. During...
10 Pages(2500 words)Essay

Is Marxs analysis of capitalism still valid today

...IS MARX’S ANALYSIS OF CAPITALISM STILL VALID TODAY? By and Submission Carl Marx was an elemental figure in foretelling of the global economies even a century after his death (Grant 2014). He emphasized the importance of communism and discouraged capitalism as it had adverse effects on the economy in the future. Marx’s ideologies were fabricated in the 1800s and his theories are still applicable to this day. The consequences of capitalism for instance, are being experienced in the present time where there is an uneven wealth distribution among the people. The wealthy for instance, constitute a small percentage of the world’s population, while those considered to be poor...
4 Pages(1000 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 Why did European states engage in a process of economic integration Are the original reasons still valid today for FREE!

Contact Us