In 1992 the European Union established a huge European Single Market, which includes its 28 Member States as well as Liechtenstein, Iceland, Norway and Switzerland. It contains four freedoms that guarantee free movements of goods, services, capital and people. With a possession of 4.325 Mio. km² and 493 Mio. citizens it is one of the biggest internal markets on earth. Due to the omitted border formalities people are free to choose their place of residence, university and work place. But also the increasing quantity of goods followed by much more competition on the market in the EU leads to a price advantage for the consumers and therefore to a competitive position on the international market.
Furthermore, the European Union framed some rules and additives to regulate the domestic market, like the implementation of a single currency in year 2001.
In addition particular minimum standards, common standards for the environment, energy political measures, arrangements for consumer protection, a common transport policy, research funding as well as a solidary contribution for less developed Member States exist or are in process in the new regions which now belong to the EU.
But there is still plenty of room for improvement with regard to the implementation of these regulations. Actually critics suppose that the transformation of normal markets in different countries into an internal market for all countries is a dubious method with incidental negative ancillary effects with unpredictable extents for the future.
On account of this, the Research Paper primarily implies an explanation of the four freedoms of the European Union’s Single Market considerably. Secondly the main advantages as well as the disadvantages of the internal European trade are carved out and analysed.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The Free Movement of Goods
- Tariff Union
- Dassonville-formula
- Keck-formula
- The Free Movement of People
- Equal Treatment
- Right to Enter into Gainful Employment
- Right to Stay
- Right of Residence for Family Members
- Students and Apprentices
- The Freedom of Services
- The Freedom of Movement of Capital
- The Advantages and Disadvantages of the EU's Single Market
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research paper explores the four freedoms of the European Union's Single Market, analyzing their impact on trade and mobility within the European Union. It examines the advantages and disadvantages of this internal market, providing a comprehensive overview of its implications for both individuals and businesses.
- Free movement of goods, services, capital, and people within the EU
- The impact of the Single Market on trade and competition
- The benefits and drawbacks of the internal market
- The legal framework governing the four freedoms
- The role of the European Court of Justice in interpreting and enforcing the regulations
Zusammenfassung der Kapitel (Chapter Summaries)
The introduction provides an overview of the European Single Market and its four freedoms, highlighting its significance as one of the largest internal markets in the world. It also touches upon the challenges and controversies surrounding the implementation of these freedoms.
Chapter 2 delves into the free movement of goods, examining the concept of a tariff union, the prohibition of quantitative restrictions, and the legal framework governing the free movement of goods within the EU. It also discusses the Dassonville-formula and the Keck-formula, which provide guidance on the application of these regulations.
Chapter 3 focuses on the free movement of people, examining the equal treatment of citizens within the EU, the right to enter into gainful employment, and the right of residence for individuals and their families. It also discusses the limitations and exceptions to this freedom, such as those related to public health, security, and protection.
Schlüsselwörter (Keywords)
The key concepts and themes explored in this research paper include the European Single Market, the four freedoms, free movement of goods, services, capital, and people, tariff union, Dassonville-formula, Keck-formula, equal treatment, right to work, right of residence, and the role of the European Court of Justice.
- Quote paper
- Sarah Roggenthien (Author), 2014, The four freedoms of the European Union, Munich, GRIN Verlag, https://www.grin.com/document/339299
