Integration Phenomenon Â€“ Economic Transformation For The Member Statesâ€™ Economies
Basis 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.
Volume (Year): 2 (2008)
Issue (Month): 10 ()
|Contact details of provider:|| |
When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2008:i:10:p:31. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.