Europe and the integration process

Arben Shehu

Academicus International Scientific Journal, 2011, issue 3, 153-163

Abstract: People in different country, may find that globalization and transnationalization of the nation also offer opportunities. Globalization in its literal sense is the process of transformation of local or regional phenomen into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. Supporters of free trade claim that it increases economic prosperity as well as opportunity, especially among developing nations. It also enhances civil liberties and leads to a more efficient allocation of resources. Economic theories of comparative advantage suggest that free trade leads to a more efficient allocation of resources, with all countries involved in the trade benefiting. In general, this leads to lower prices, more employment, higher output and a higher standard of living for those in developing countries. The EU represents one of the greatest experiments in political and economic history. For the first time nations have chosen to surrender aspects of their national sovereignty to a central body that has a responsibility to ensure that they act for the good not only of themselves but of other nations as well. All of us can be part of EU in every single moment by travelling without visas, using euro, making business or applying european law. The EU provides the first example of a truly supranational body where the ambitions of nations curbed by a need to co-operate in order to succeed. This body helped bringing incredible political and economic stability to Europe. I would like to underline the force of globalization movement and the Euro impact, which is now a fact against all arguments.

Keywords: Globalization; free trade; supranational; european (search for similar items in EconPapers)
Date: 2011
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