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European Integration - Essay Example

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The author of the present essay "European Integration" casts light on the advantages and challenges of European integration for business in the 21st century. According to the text, the essay also provides a number of relevant examples of the same…
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European Integration
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European Integration

Download file to see previous pages... It was through this European Integration Roundtable of Industrialists is that the transnational corporations tried to influence the European integration process, the nineteen eighties. It was this ERT forum from where a number of industrialists of Europe helped in the forming of agenda and the re-launching of the single market program. This also led to the development of transnational elite capitalists you brought in a number of neo-liberal concepts and ideas which eventually helped the formation of a single market program.
Adriaan H. Dierx(2004, p. 237) states ‘The process of European integration and the past decade has been closely associated with the single market program (now evolved into the internal market strategy) and economic and monetary union. This process has been pushed forward by highly publicized deadlines and target dates giving the first impression of abrupt change in the economic environment. In practice, however, businesses and consumers tend to anticipate such change and modify their behavior even before the formal change is made. On the other hand, often the full impact of the economic reform is felt only years after their introduction. This implies that European integration as a continuous process, one in which the speed of progress may be affected by policy initiatives such as the SMP and the EMU and which takes place in conjunction with other events influencing the behavior of economic agents and the performances of the economy, such as globalization or the ICT revolution.’ The ERT can be viewed as an elite comprising of trans-national capitalists who have neoliberal concepts and who occasionally takes part in the social struggle for dominance in the European culture. Europe is not is becoming a part of the global economy, politically and financially. Therefore the businesses in Europe are transforming to globalized and transnationalised businesses.
There are basically three large economic blocks in the world: USA, Japan, and Europe.  ...Download file to see next pagesRead More
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