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European Integration and Europeanisation: Benefits and Disadvantages for Business

Author

Listed:
  • Joanna Dreger

    (Linklaters (Brussels))

  • Aimé Heene

    (Ghent University (retired), University of Antwerpen, College of Europe (Bruges))

Abstract

European integration is a project of great economic importance for the 500 million consumers and 21 million companies in Europe. With the economic borders between Member States removed, Europeanisation becomes inevitable for companies. The paper proposes a framework to analyse the benefits and disadvantages for business that come with the process of European integration, structured according to the logic of the four fundamental freedoms of movement within the Internal Market (freedom of movement of goods, services, capital and people) complemented by the section on technology and innovation, and the general EU regulatory environment. Whereas the business decisions need to be taken on a case-by-case basis, taking into consideration firm’s own capabilities and resources as well as industry specificities, several recommendations for companies willing to Europeanise are made, based on an analysis of the regulatory macro-environment of the EU. Above all, any company willing to be successful in the EU has to become a learning organisation, responsive to the advancements of the macro-environment. The ability to anticipate the regulatory developments and to adjust one’s own business and corporate strategy accordingly is the key to achieving sustainable competitive advantage in the European Union.

Suggested Citation

  • Joanna Dreger & Aimé Heene, 2013. "European Integration and Europeanisation: Benefits and Disadvantages for Business," Bruges European Economic Policy Briefings 29, European Economic Studies Department, College of Europe.
    • Handle: RePEc:coe:wpbeep:29
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    File URL: https://www.coleurope.eu/system/files_force/research-paper/beep29_0.pdf?download=1
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    References listed on IDEAS

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    Cited by:

    1. Marta Gotz, 2015. "Tendencje rozwojowe klastrów w Niemczech / Development Tendencies of German Clusters," International Economics, University of Lodz, Faculty of Economics and Sociology, issue 11, pages 106-144, September.

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    More about this item

    Keywords

    European integration; Europeanisation; strategic management; policy analysis;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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