Integration Phenomenon Â€“ Economic Transformation For The Member Statesâ€™ Economies
AbstractBasis of the economical integration were set through the Treaty from Rome,closed in 1957. The realization of the economical and monetary union asked by theeconomical integration, are the most important success of the European project. For therealization of the economical integration were necessary an entire series of political economymeasures, of the transformations of the economical, socials and institutional structures whichexist at the moment.The economies generated by the production on large series: is the result of a biggerefficiency, based on an optimal dimension of the enterprise, which permits medium costssmaller and, through this, the possibility of increasing the competition on the internationalmarket. The scale economies are possible in some economical branches only when theproduction is realized in units with large dimensions and of large series, sustained, in thesane time, by a great technological advantage. On the other hand, only the biggestenterprises, which generate the scale economies, could be marked out on the national andinternational markets.One of the anti-arguments, which can be said, is the fact that by the scale economies obtainedin the integration areas benefits, at least in the initial phases, the large transnationalenterprises. For the European Union, these enterprises are north-Americans or Japanese,which take advantage of the large dimensions of the integrated market. To eliminate thisinconveniences it must exists a monetary union, with the same juridical cadre and a unitedvalues market, with a total mobility of the funds. The funds will be directed towards thosefinancial centers in which the settlements are favorable to the investors, the costs of the risksmanagement are reduced at minimum, the costs with assuring and reassuring polices are, aswell, very reduced for the investors, so they can enjoy the financial comfort and prosperity.
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Bibliographic InfoArticle provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.
Volume (Year): 2 (2008)
Issue (Month): 10 ()
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European Union; globalization; integration phenomenon; economic transformations;
Find related papers by JEL classification:
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
- P40 - Economic Systems - - Other Economic Systems - - - General
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