Europeanisation has emerged as a significant world order because of the magnitude of changes it has brought about in terms of the construction, diffusion of formal as well as informal rules and regulations pertaining to politics, economy, technology and international relations within the European Union. The benefits of Europeanisation as consolidated and enforced by the formation of the European Union are numerous inclusive of: • Unification of a vast majority of constituent European economies territorially, politically and economically. • Stronger, simplified and more effective political control of a vast majority of European countries • A more wholesome sense of Corporate and Social Responsibility for a larger area in terms of corporate governance, environmental protection measures and pollution control. • Creation of stable democratic countries on behalf of the individual European Countries, an essential pre-requisite for individual countries becoming part of the European. • An efficient and streamlined decision making for a fair and prosperous European Union. This paper analyses Europeanisation concerning its integration with EU politics and internal politics of EU countries, its relationship with firms as well as its interplay with Globalisation. European states - members and non-members of the EU - remain challenged by the important and still unsolved question about how future policies of the EU should be considered vis a vis globalisation. While Europeanisation will further strengthen globalisation pressures it also permits the EU exhibiting great potential to emerge as a well-networked and strong system of regional governance.
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Paper provided by EconWPA in its series Others with number
0504009.
Length: 22 pages Date of creation: 25 Apr 2005 Date of revision: Handle: RePEc:wpa:wuwpot:0504009
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