By Debra Johnson
This e-book examines the foremost demanding situations dealing with eu enterprise within the youth of the hot millennium. It specializes in the hyperlinks among the approaches of neighborhood integration and globalization, resulting in a reappraisal of what firms and policy-makers have to do to safe the competitiveness of the eu economic system within the early years of the 21st century. as well as facing traditional ecu coverage parts corresponding to EMU and pageant coverage, the publication additionally covers very important matters comparable to small and medium sized organisations and the knowledge society, that are frequently excluded from books on european coverage and company.
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Extra info for European Business: Policy Challenges for the New Commercial Environment
Example text
Nevertheless, the seeds of this process have already been sown with the expansion of the international trading agenda referred to earlier and, if spillover is really effective, the process could gain significant momentum once it is seriously underway. CONCLUSION What does all this mean for the European Union and for business? The previous sections demonstrate that beliefs about trends in the world economy and about economic management colour the debate about the most appropriate governance structure at national, European and international level and consequently affect the type of regulation and influence exerted by the political system on the business environment.
The purpose of the continuum is not to set the position of the world economy in concrete. As trends emerge and develop, the economy can move along the continuum in either direction, with varying implications for economic governance and policy making for nation states, the European Union and other regional blocs and international organisations. In order to tease out some of these implications, various scenarios are presented below. These scenarios do not set out what will happen (that is, they are not a forecast) but what could happen, nor are they mutually exclusive—the same elements appear in more than one scenario with perhaps a different interpretation placed on them—or cover all possibilities.
This is true of sectors where economies of scale are evidently needed for the establishment of a global presence in specified sectors. Laffan (1992) distinguishes between four different aspects of political integration: • • • • institutional: based upon collective decision making; policy: based upon the transfer of policy developments being transferred to a higher level; attitudinal: sources of support for the process amongst assorted communities; security: non-violent inter-state relations. Such political centralisation is frequently associated with dirigiste economic policies.