The Achievements, Failures and Main Options for the EU in the Management of Global Interdependence

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Introduction The phenomenon of global interdependence began to be widely observed not without astonishment in the early 1970s of the 20th century, although it had been present much earlier reaching the beginnings of colonial era. Global interdependence, as well as European integration process started in the area of economy and, to some extent, still exist mainly on the level of economic cooperation. It is widely known that the role of the European Union as an international actor has grown, however it has to be admitted that Europe is not any more in the center of international focus. The emergence of a financial crisis in the United States revealed many issues the EU was not prepared for. However it had no choice but to face them and fail…show more content…
Roger Liddle points out again that its biggest mistake was pondering over the EU’s effectiveness as a global actor instead of focusing on economy . It is believed that even the Treaty of Lisbon lacked appropriately specified or perhaps rather prioritized goals. Alan Mayhew claims there were probably not enough reforms on the EU budget that still low productivity sector, agriculture and poorer regions in rich countries, although new policies have emerged: climate change-related low-carbon economy, strengthening controls on migration at the common EU border, research and higher education, the EU’s neighborhood and external policy . In the beginning the EU’s reaction to the crisis was rather complacent, as the Union considered it to be mainly an American, or Anglo-Saxon problem . This proved the lack of the EU’s readiness to take the responsibility of the global system and a bit of political distance as well. Thus, a variety of approaches towards market economy emerged in the EU. In spite of that, Europe realized that the shock created by the crisis could not be handled only by separate member states’ stimuli. The EU demonstrated the possibility of economic coordination and created a fiscal stimulus plan. Moreover, it is worth pointing out that the second Irish referendum on the Lisbon Treaty held in October 2009 revealed readiness for

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