1. Introduction
The following report shows the financial impact the EU ,and the EMS had on growth and development from a macroeconomic and microeconomic point of view. The report is divided into three main parts. The first part gives an overview of the development and emphasises the key elements of European integration. The second part is a closer look at the impact and influence of the Euro and the third part refers to the development of the European trade growth.
2. The long way towards European integration.1 2 3
Focus is in this part is on the European Union.
Paris, Rome, Haque, Maastricht, Amsterdam,Madrid and Nizza. The names of European cities that became famous as milestones of European development is long. Although the integration process recently faced a setback in the ratification of the European constitution, the supranational-project “European Union” is a success story. Most obvious through the fact that so many countries were and still are keen to join the Union and become a Member State. The EU enlargement on May 2004 were ten Eastern European countries joined the EU is a very good example. However, the enlargement from the so called EU 15 to EU 25 implies also the turn away from the old idea of the “United Nations of Europe”. The idea first mentioned by Winston Churchill after the second World War in 1946 was in mind of many pro-european political characters from French Foreign Minister Robert Schuman to former German Chancelor Helmut Kohl.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- The long way towards European integration.
- The impact and influence of the Euro
- The impact of the Euro as an internal common currency
- Wage Transparency
- Removal of Foreign Exchange Rates within the Eurozone
- Lower borrowing costs and purchasing.....
- The impact of the Euro as a global currency unit.....
- The impact of the Euro as an internal common currency
- Internal and External Trade Growth of the European Union
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This report examines the financial impact of the European Union (EU) and the European Monetary System (EMS) on economic growth and development from a macroeconomic and microeconomic perspective. The report is structured in three sections. The first section provides an overview of the development of European integration and highlights key elements. The second section delves into the impact and influence of the Euro. The third section focuses on the development of European trade growth.
- European Integration: The report explores the long-term process of European integration, emphasizing key milestones such as the customs union, the single market, and the economic and monetary union.
- Impact of the Euro: The report analyzes the effects of the Euro as an internal common currency and as a global currency unit, examining aspects like wage transparency, removal of exchange rates, and borrowing costs.
- European Trade Growth: The report investigates the growth and development of both internal and external trade within the European Union, focusing on the role of economic integration.
- Cultural Diversity: The report acknowledges the importance of cultural diversity as a resource in a knowledge-based economy and the need for integrating while maintaining variety within the EU.
- Political Unification: The report discusses the evolution of the "United Nations of Europe" concept and how the recent enlargement of the EU may represent a shift towards a more diverse and less politically unified entity.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This section provides a general overview of the report's objectives, focusing on the financial impact of the EU and the EMS on economic growth and development from a macroeconomic and microeconomic standpoint. It also outlines the three main parts of the report.
- The long way towards European integration: This chapter examines the historical development of European integration, highlighting key milestones and the evolution of the "United Nations of Europe" concept. It discusses the significance of the EU enlargement and the importance of balancing integration with cultural diversity.
- The impact and influence of the Euro: This chapter explores the impact of the Euro, both internally and globally. It focuses on the effects of the Euro as a common currency on wage transparency, exchange rates, and borrowing costs. Additionally, it examines the Euro's influence as a global currency unit.
- Internal and External Trade Growth of the European Union: This chapter delves into the development of both internal and external trade within the EU, analyzing the role of economic integration in promoting trade growth.
Schlüsselwörter (Keywords)
The primary keywords and focus topics of this text include European Union (EU), European Monetary System (EMS), Euro, economic integration, trade growth, cultural diversity, political unification, macroeconomic impact, microeconomic impact, wage transparency, exchange rates, borrowing costs, and global currency unit.
- Citation du texte
- Marcel Heide (Auteur), 2006, The European Union - past, present and future, Munich, GRIN Verlag, https://www.grin.com/document/66138
