European Integration and Europeanisation: Benefits and Disadvantages for Business

Joanna Dreger () and Aimé Heene
Additional contact information
Joanna Dreger: Linklaters (Brussels)
Aimé Heene: Ghent University (retired), University of Antwerpen, College of Europe (Bruges)

No 29, Bruges European Economic Policy Briefings from European Economic Studies Department, College of Europe

Abstract: European integration is a project of great economic importance for the 500 million consumers and 21 million companies in Europe. With the economic borders between Member States removed, Europeanisation becomes inevitable for companies. The paper proposes a framework to analyse the benefits and disadvantages for business that come with the process of European integration, structured according to the logic of the four fundamental freedoms of movement within the Internal Market (freedom of movement of goods, services, capital and people) complemented by the section on technology and innovation, and the general EU regulatory environment. Whereas the business decisions need to be taken on a case-by-case basis, taking into consideration firm’s own capabilities and resources as well as industry specificities, several recommendations for companies willing to Europeanise are made, based on an analysis of the regulatory macro-environment of the EU. Above all, any company willing to be successful in the EU has to become a learning organisation, responsive to the advancements of the macro-environment. The ability to anticipate the regulatory developments and to adjust one’s own business and corporate strategy accordingly is the key to achieving sustainable competitive advantage in the European Union.

Keywords: European integration; Europeanisation; strategic management; policy analysis (search for similar items in EconPapers)
JEL-codes: K20 L21 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2013-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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