This website uses cookies to ensure you have the best experience. Learn more

The Achievements, Failures And Main Options For The Eu In The Management Of Global Interdependence

1883 words - 8 pages

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 or succeed. Global interdependence turned out to be more significant than the EU expected, proving that the contemporary world is predominantly multipolar .

Results and major challenges of the EU in the post-crisis era
One of the greatest successes of the EU before the recession era were the enlargements of 2004 and 2007. This phenomenon, although some say too daring and causing a sort of “economic indigestion” in the EU , is a good example of management. Economic catching up in the new member states was a big success too, although presence of financial crisis will surely postpone next enlargements. Furthermore, it has to be admitted that the existence of the eurozone protected the EU’s integrity and single market, as it prevented currency turbulences. Thus, such countries as Denmark and Poland increase its interest in joining the eurozone. As emphasized by Roger Liddle, it is even believed that low inflation of the eurozone can actually lead the world out of the recession , so sustaining or enlarging the eurozone and single market will be essential not only for the EU.
However, it appears that during the debate on the Constitutional Treaty and the Lisbon Treaty the EU did not pay much attention to economic issues. 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...

Find Another Essay On The Achievements, Failures and Main Options for the EU in the Management of Global Interdependence

The Main Achievements of Disraeli's Ministry 1874-1880 in the Field of Social Reform

1332 words - 5 pages The Main Achievements of Disraeli's Ministry 1874-1880 in the Field of Social Reform When Disraeli was attempting to get back into government in 1873 and 1874, he made a number of speeches to try to win voters. It is said that the speeches he made, especially the ones he made in Manchester and at Crystal Palace, were very influential, and vital for the Conservatives' recovery, and eventual victory in 1874. The main target

Assess the main achievements of détente

659 words - 3 pages Détente is the name given to the period between 1963 and 1979, when the relations between the two superpowers, the United States and the Soviet Union, experienced relaxed tension. Its main achievements were political, various summits were held and agreements were signed; in the field of economics, with increased trade; and in the field of science with increased cooperation between scientists of the two sides.The first SALT was

Reasons for the development of the EU and historical outline

874 words - 4 pages Explain the reasons for the development of the European Union. The European Union is a collection of 28 member nations who share an economic and political bond. They all exist on the continent of Europe and share the currency of the Euro. It is a bit like a club, to join in you have to agree to follow the rules and in return you get certain benefits. Each country has to pay money to be a member and they mostly do this through taxes. The EU

Policies for Air Quality in the EU

964 words - 4 pages The price to pay because of poor air quality is superior in terms of human lives that due to traffic accidents , thus making it the main environmental cause of premature death in the EU. Poor air quality has an impact on quality of life, as it causes asthma and respiratory problems. The Commission responds by proposing new measures to reduce air pollution, adopted today. The package of policies for clean air is an upgrade of the existing

“The Global Economic Situation and Prospects for 2010 and Beyond: Policy Options”

1725 words - 7 pages , exchange rate, and debt management policies need to be in place to prevent asset price bubbles from forming. High volumes of leveraging should be prevented.Regulation and supervision need to be imposed to handle the financial segment to improve asset-liability and risk management for banks and financial firms. Corporate governance, accounting, auditing, and information disclosure to avoid sudden shocks.2007-2009 Global Financial Crisis was initiated

Poland and the EU

2236 words - 9 pages 2002: France and Germany to cap EU agricultural spending.10. Guardian 10th October: Poland got engaged to Europe 13 years ago. It no longer hopes for a honeymoon.11. Hill C (2003), International Business - Competing in the global marketplace, McGraw Hill, New York.12. Hine d & Kassim H (1998), Beyond the Market - The EU and national social policy, Routledge, London.13. Independent 18th October: The chill winds of doubt over membership blow

Equality of Citizens and Non-Citizens in the EU

2575 words - 10 pages stronger ground for equal treatment. Therefore, comparing the rights, especially the limitations to them, conferred upon these two categories of persons residing in the EU might give some insights about the attitude of EU law towards non-nationals. Two main argumentations are put forward in this essay. First, although both legal regimes are based on freedom to move and reside, they contain significant limitations that might result in a different

Achievements of the Tang and Song Dynasty

665 words - 3 pages During the Tang and Song dynasty, many excellent achievements have been accomplished which are still being preserved and used widely over centuries. Their citizens were excelled in many fields with several of new and practical inventions which all directly affected the citizens’ lives. Especially, the big rise in science and technology as well as attaining such great progresses in agriculture and economy were some of the most remarkable ones

Integration in the EU and Monetary Policy

2438 words - 10 pages Integration in the EU and Monetary Policy The creation of the European Union (EU) is a great political and economic feat. For it is the ultimate sign of cooperation between nations that had been in constant rivalry before. Nevertheless, the ideals of such a union cannot stand alone without having a strong foundation and continuos rational decision making by all of the actors involved. If we assume that the European Central Bank’s (ECB

The Life and Achievements of Henry Ford

1763 words - 7 pages Henry Ford was one of the first American industrialists. He is best known for his revolutionary achievements in the automobile industry, and his inventions are still marveled in the modern world today. Henry Ford grew up on a small farm near Dearborn, Michigan. It was here Henry Ford was born, on July 30, 1863. He went to local district schools like the rest of the children from his town, and he excelled in most subjects. As Henry grew up, he

The Life and Achievements of Bill Gates

637 words - 3 pages Bill Gates is renowned for being one of the richest entrepreneurs in the world; he is the cofounder of the most recognized brands in the computer industry called Microsoft. Gates was born October 28, 1955 in Seattle, Washington. He grew up in a wealthy family and had two sisters. William H. Gates, Sr., who was their father, was a successful lawyer and their mother dedicated her time to staying home and raising the children. The Gates family

Similar Essays

Globalisation "Describe The Main Features Of The Global Economy And Examine The Nature And Extent Of Interdependence Between Economies."

2246 words - 9 pages markets (FOREX markets) demonstrate the extent of globalization in linking financial markets across the world. They are networks of buyers and sellers, and exchanges one country's currency value for another. The value depends on the forces of supply and demand of that particular currency - that is, a flexible, floating exchange rate market. Although the daily turnover in 2001 of global foreign exchange markets was $US1.2 trillion, 95% of that are

The Tasks Of Interdependence Essay

636 words - 3 pages There are three types of task interdependence, such as Pooled, Sequential and Reciprocal. The Pooled interdependence, for each organizational department or component performs totally independent functions. While departments may not directly interact with each other in the pooled interdependence model, each does supply individual pieces of the same overall system. For Sequential interdependence, it takes place when one unit in the all-inclusive

Relationships And Interdependence In The Works Of Kurt Vonnegut

3036 words - 12 pages Relationships and Interdependence in the Works of Kurt Vonnegut While on the surface Kurt Vonnegut's works appear to singularly contain the pessimistic views of an aging, black humorist, his underlying meanings reveal a much more sympathetic and hopeful glimpse of humanity that lends itself to eventual societal improvement. As part of Vonnegut's strategy for enhanced communal welfare, the

The Importance Of Interdependence And International Cooperation

1627 words - 7 pages advantage for producing. While each nation may be working for his own gain in trade, there is also a concern for the overall gains of all states. Mercantilism may have worked in the past, but in today’s world it is important to create strong foundations for the future. Selfishness and personal gain is not doing anything of value in the world. Interdependence is also furthered economically with the importance of multinational corporations (MNCs