European Union

Paper Summary:

This paper takes a brief look at the various European Union's economic policies, such as the European Economic Community and the European Monetary Union. According to the paper, the EU has maintained the momentum of its internal economic integration agenda.

Outline:
Activities of the EEC
Structure Of European Union
European Council
European Commission
Functioning of the EEC
European Monetary Union
Common Market Policy
EURO - The New World Currency
The Current Scenario in the European Union

From the Paper:

"Regional Development Policy: The objectives of the Regional Development Policy of the EEC is to promote balanced development of the member countries by reducing regional disparities and by developing rapidly the backward regions. To achieve this objective, the EEC provides financial assistance for the development of the backward regions of the member countries. The Financial assistance is provided through."
"European Investment Bank: EEC established this bank in 1958. It provides loans and guarantees the loans raised by the member countries for the development of the backward regions. It grants loans for modernization, conversion and development projects that are beyond the financial abilities of the member governments. It also provides loans for the projects in which member governments have common interest."

Sample of Sources Used:

• ARISTOTELOUS, Kyriacos (2006) "Are There Differences Across Countries Regarding the Effect of Currency Unions on Trade? Evidence from EMU", Journal of Common Market Studies, 44, 1: 17.28.
• CARRUTH, Reba A. (ed.) (2006) Global governance of food and agricultural industries: transatlantic regulatory harmonization and multilateral policy cooperation for food safety, Northampton: E. Elgar.
• De Grauwe, Paul (1994) The Economics of Monetary Union, Oxford University Press.
• De Grauwe, P. (1987) 'International trade and economic growth in the European Monetary System', European Economic Review, 31, pp. 389-398.
• EGAN, Michelle (2001) Constructing a European market: standards, regulation, and governance. New York: Oxford University Press.

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