ABSTRACT
Through this chapter, the student will be exposed to:
Appreciate the economic and political devastation that Europe experienced in the aftermath of World War II and realize that this distraction contained the seeds of co-operation between some Western European states
Understand how the EU has evolved through time, from its original Community structure to its present arrangement
Get an idea of the basic institutional design of the EU and the key functions of each of the main institutions
Become familiar with the EU’s policy of enlargement, by looking at successive enlargements over the years
Recognize national/cultural differences across member states of the Union and appreciate the obstacles that these differences impose on free trade
Get an idea of how businesses behave in Europe’s single market and why they tend to behave in this way
Realize how the elimination of barriers in the trading of goods has taken place over time
Measure progress in the field of freeing up the movement of services in the Union and evaluate its significance
Appreciate that (and to what extent) people/workers can move freely in the EU
510Understand how the freedom of movement of capital has been pursued over the years and value its significance
Assess the impact of the European Monetary Union (EMU) on business behavior
Evaluate the importance of adopting a common competition policy in the EU.
