The Expanded Europe And Montenegro - Economic Changes And Risks

Nikola Milovic

Montenegrin Journal of Economics, 2010, vol. 6, issue 12, 193-201

Abstract: The European Union represents a unique regional integration of countries in the world and its future can hardly be spoken of, if we are not acquainted with the goals, stages and models of its origin. The Union has started its life on a narrow domain of cooperation among countries of similar values, in order to strengthen trust, exchange and their defense power to the Soviet block. The initial success of the ECSC showed that the economic motive and interest is the best way for the initial defined goal to be realized. As already said, the original idea of the formation was the achievement of the certain level of political integration of European Countries, in order to avoid the emergence of new wars and conflicts on the European continent. In some way this is made with the stabilization of the entire European continent with broadening with six new countries and increase of the overall economic strength and power in the world. Since the formation, EU has expanded geographically and deepens institutionally and 60 years of its existence were marked by great efforts in achieving full economic integration in this region. Two processes deepen economic integration and expand to new EU countries are held together and constitute relatively long history of regional integration.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:6:y:2010:i:12:p:193-201

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