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

1883 words - 8 pages

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 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

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

“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

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 Failures of Violence

1539 words - 6 pages Violence is inherently flawed. In the immortal words of Gandhi, "Victory attained by violence is tantamount to a defeat, for it is momentary." Therefore the most successful strategy for long-lasting peace and independence is nonviolence. This concept is crucial to understand the history of this time period. Violence and the lack of it, nonviolence plays a major role in the play of this chapter. Many question the practicality of nonviolence: “How

Compare the Sucesses and Failures of Patriarchy in Colonialism

2756 words - 12 pages Compare The Successes And Failures Of Patriarchy In Colonialism, In “The Tempest”, “Translations” And “Things Fall Apart”. In “The Tempest”, “Translations” and “Things Fall Apart”, the theme of patriarchy is evident in various aspects. For instance, there is patriarchy present when Prospero controls and dominates Caliban and Miranda in “The Tempest”. Likewise, in “Translations”, the theme of patriarchy is also present with Hugh’s dominance over

The Main Causes of Global Warming

1155 words - 5 pages Global warming is the rise of temperature of the Earth. The main cause of global warming is the greenhouse effect. The way humans behave is the reason that greenhouse gas trap more heat. Automobiles are the main cause of the greenhouse gases to to trap the heat. Global warming doesn’t completely mean a constant rise in temperature, it is mainly a change in temperature.in patterns. The two major greenhouse gases include methane and carbon

Increased Interdependence in the East Asian Community

1065 words - 4 pages regional cohesiveness, connectedness and interdependence. As the countries in East Asia have become increasingly interdependent, leaders in the region have become more determined to build a framework for greater regional cooperation and integration. Regionalism has become a process in which East Asian nations can competently handle globalization and increased interdependence. An East Asian Community would ideally seek the goals of preventing conflict

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

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

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

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

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