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European Integration

Hot Topics in Economics


EC11110

Aims

The political boundaries

The changing membership of the


EU
The original 6 members of the EEC, ECSC, &
Euratom

The three Benelux countries


France
Germany
Italy

The 1973 enlargement

Denmark
Ireland
UK
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The changing membership of the


EU
The Mediterranean Enlargement

Greece (1981)
Spain & Portugal (1986)

The next wave of enlargement of 1995

Austria
Sweden
Finland
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The May 2004 enlargement

The Czech Republic


Cyprus
Estonia
Hungary
Latvia

Lithuania
Malta
Poland
Slovakia
Slovenia

In 2007:
Bulgaria
Romania
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Other candidates for the EU


membership

Turkey (a decision was taken to open


negotiations for membership in October 2005)
Croatia (a decision was taken to open
negotiations for membership in October 2005)
Macedonia

Quiz

The EU flag?

The anthem?

Europe Day?

People and countries?

The definition of integration

What is economic integration?

Stages of integration in the EU:

Customs union (1958-85)

Common market (1985-92)

Economic union (1992 and beyond)

What is the single market?

Single market was intended:

to create an area without internal frontiers in which


free movement of goods, persons, services and
capital is ensured, i.e. eliminate trade barriers
(tariffs and non-tariffs)
to be accompanied by changes in the Community
legislative system, designed to encourage adoption
of the measures needed for its completion

Contribute to an ever closer union among the people


of Europe
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Increasing bilateral integration

Existing FTA: Euromed, South Africa, Mexico and


Chile.
Currently negotiating: India, Andean Community,
Association of South East Asian Nations (ASEAN)
and Central American countries
Completed: Economic Partnership Agreements
(EEA) and Gulf Co-operation Council (GCC), South
Korea
Possibility being debated with China
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Summing up

EU has emerged as one of the main global


actors in world trade
Increasing trend to bilateral trade with partner
countries
Policies of the EU have a repercussion on the
world economy
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