Social Dumping in the European Single Market
AbstractThe EU is the largest exporter and importer of goods and services worldwide, imposing as a very important actor in the vast world economy. Single market, based on the four major freedoms, namely the free movement of capital, labor, goods and services led to the formation of a common framework at European level, turning slowly in the main engine of growth in Europe. The position held in the international affirmation amid accelerating trade marked by the constant emergence of new actors was achieved by recognizing economic competitiveness of the single market in the world, creating products with high added value is one of the main features that could prove this fact. Opening national markets and removing barriers resulted led to increased competition between companies, which resulted in a greater demand for goods and services at lower prices, some practices as social dumping being performed through Europe.
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Bibliographic InfoArticle provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.
Volume (Year): 6 (2014)
Issue (Month): 2 (June)
Social dumping; European Single Market; trade; barriers; demand;
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