The Process Of Emergence The European Union Essay

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

For the integration, the intersection of the economic need, life style of the people, and size of the economy must be same. Due to inappropriate way and lack of proper political integration by countries and surge in the national feeling over the common economic goal of the region has adversely impacted the area. European unions is comprised of many countries which include different countries which are in different stage of their economic development

The European Union is one of the most famous Economic blocs in our recent times. It is the culmination of efforts after the devastating Second World War. It currently includes 28 states with varied cultural and historical backgrounds and even different languages. It now has more than 30 separate international trade agreements with many countries such as Colombia and South Korea (Encyclopedia of Management).

The European Economic Community was an organization started in 1957 by France, West Germany, the Netherlands, Belgium, Italy, and Luxembourg, in post War World II torn European. This organization was a union between the Steal and Coal Community and The European Atomic Energy Community. The goal of the organization, heavily influenced by John Monnet one of its founders and National Liberation Committee member at the time, was to build a stronger cohesive Europe through collaboration and economic ties to bring mutual prosperity. This organization and its ideals developed into the well know European Union of today, that currently sits with 28 members. However, one controversial possible membership has increased in importance over the years.

The country faced terrible economic problems early on in their transition, but from 2000-2007, “…the Romanian economy grew in absolute terms, and the government achieved a level of fiscal stability.”(Brett 395). The World Bank attributed the growth to high foreign investment and its willingness to exploit its comparative advantages in certain services (Brett 295).

Europe was a politically and fragile continent after the Second World War that claimed millions of lives. It is in that background, that the first steps to European integration were taken with the establishment of the European Coal and Steel Community (ECSC). The celebrated Schuman Plan, laid the foundation for the first real supra-national economy in the world, that is, the ECSC. The European integration continued through the decades with the establishment of the European Economic Community (ECC) and the European Union (EU). In the recent period, the EU has come under intense questioning with the economic crisis in Europe starting 2007. The recent Brexit vote has put further questions on the future of the EU. This essay considers the process of European integration through the decades and also discusses the advantages and disadvantages of the union.

The European Union as we know it is an economic union of countries which make their own policies concerning economies, societies, and law. Created in 1993, the European Union now contains 28 countries in total, and is now the biggest economic union in the world by GDP. For big countries, the creation of EU was the removal of many trade and non-tariff barriers. Trade has increased approximately 30% since 1992. For smaller countries, it was a stepping stones for economic growth and negotiation power with larger nations. Since before the creation of EU in 1993, Europe were already the world largest trading regions, but the trading were complicated by

While early EU history is marked by efforts to abridge political and economic gaps between formal enemies, recent EU enlargement is a one of tensions between established and new member interests and broader interests of the organization itself. In recent decades, the most prominent issue of EU integration is the ongoing discussion in established member states on expansion prospects. The fall of the Berlin Wall and the end of the Cold War opened the possibility for immense political and economic transformation for Eastern European states. The result of this transformation brought the unprecedented possibility for many post-communist states to join the EU. This possibility, however, is met with hostility on domestic level in some of the

There is an erroneous assumption in the world that the concept of the European Union, the notion of having a shared currency, and borderless pan-European continent is a relatively new idea. However, the idea of a pan-European identity as it is known today through the European Union was established after the end of the Second World War, as the need for a united Western Europe was needed to combat the possible threat of war with the Soviet Union. The policies of the European Union went through a long review through the establishment of multiple pan-European organizations, primarily the European Coal and Steel Community (ECSC) and the European Economic Community (EEC), which provided the backbone of the modern European Union, through a number of treaties that encouraged European cooperation. It is through the combined efforts of the ECSC and the ECC that Churchill’s dream of a united Europe in 1949 eventually culminated in the creation of the European Union (E.U), an organization whose role is to protect the economic interests of aligned nations as outlined by the mandates of the ECSC and ECC.

We can’t forget that the EU is the world 's largest borderless marketplace, made up of 500 million consumers. Economic openness is the glue that fixes the EU together and the solution to the crisis of European competitiveness.

The aim of this paper is to analyze the impact of the EU accession on the economy and society in Romania. Chronological and comparative analysis of pre EU membership and post membership are used to assess if the accession has been positive or negative.

The fall of the Berlin wall in 1989 was an unprecedented possibility for the former Soviet satellites to join the EU. The EU offered a great possibility for economic prosperity by promoting free markets and common currency, which would guarantee economic stability so desperately needed in the poor post-authoritarian states. Through various policies and initiatives EU institutions

The European Union (EU) was established in order to prevent the horrors of modern warfare, experienced by most of Europe during the World Wars of the 20th century, from ever ensuing again, by aiming to create an environment of trust with the countries of Europe cooperating in areas such as commerce, research and trade (Adams, 2001). The EU has evolved into an economic, trade, political and monetary alliance between twenty-eight European Member States. While not all Member States are in monetary union (i.e. share the currency of the euro), those that are form the ‘Euro-zone’ (Dinan, 2006). The EU can pass a number of types of legislation, with a regulation, act, or law, being the most powerful. Its ‘tricameral’ (European Union, 2007)

The European Union played a very important role in transforming post-communist countries into democratic states with functioning market economies and the rule of law. The massive transfer of institutional and legal know-how from member

Nowadays, the EU has adopted a foreign policy that has been modified and improved over time thanks to a series of treaties. It has been introduced to maintain EU values, interests, independence, and integrity of the Union. EU foreign and security policy has the aim of strengthening the Union’s security by keeping peace and promoting cooperation, democracy, the rule of law, and respect for human rights. It is connected with four main aspects: trade, foreign direct investment, development, and monetary policy. Other fundamental factors related to it are the increasing process of enlargement and cooperation, and international relations. Those elements have been introduced to built