IDEAS home Printed from https://ideas.repec.org/a/etc/journl/y2011i3p153-163.html
   My bibliography  Save this article

Europe and the integration process

Author

Listed:
  • Arben Shehu

Abstract

People in different country, may find that globalization and transnationalization of the nation also offer opportunities. Globalization in its literal sense is the process of transformation of local or regional phenomen into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. Supporters of free trade claim that it increases economic prosperity as well as opportunity, especially among developing nations. It also enhances civil liberties and leads to a more efficient allocation of resources. Economic theories of comparative advantage suggest that free trade leads to a more efficient allocation of resources, with all countries involved in the trade benefiting. In general, this leads to lower prices, more employment, higher output and a higher standard of living for those in developing countries. The EU represents one of the greatest experiments in political and economic history. For the first time nations have chosen to surrender aspects of their national sovereignty to a central body that has a responsibility to ensure that they act for the good not only of themselves but of other nations as well. All of us can be part of EU in every single moment by travelling without visas, using euro, making business or applying european law. The EU provides the first example of a truly supranational body where the ambitions of nations curbed by a need to co-operate in order to succeed. This body helped bringing incredible political and economic stability to Europe. I would like to underline the force of globalization movement and the Euro impact, which is now a fact against all arguments.

Suggested Citation

  • Arben Shehu, 2011. "Europe and the integration process," Academicus International Scientific Journal, Entrepreneurship Training Center Albania, issue 3, pages 153-163, January.
  • Handle: RePEc:etc:journl:y:2011:i:3:p:153-163
    as

    Download full text from publisher

    File URL: https://academicus.edu.al/nr3/Academicus-MMXI-3-153-163.pdf
    Download Restriction: no

    File URL: https://academicus.edu.al/nr3/Academicus-MMXI-3-153-163.html
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:etc:journl:y:2011:i:3:p:153-163. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gabor Vasmatics (email available below). General contact details of provider: https://edirc.repec.org/data/etctial.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.