TradeLiberalizationandLaborMobilityinEurope.pptVIP

Trade Liberalization and Labor Mobility in Europe About me: What is the European Union? Hard to say… A hybrid intergovernmental and supranational organization! Eh? Not quite a federation BUT much more than a trade block (like NAFTA or ASEAN) Enlargement: From EEC to EU European Coal and Steel Community (Paris 1952) France, West Germany, Italy, Benelux European Economic Community (Rome 1958) First Customs Union European Community (Brussels 1967) Commission, Council of Ministers, European Parliament European Union (Maastricht 1992) Foreign/Defense Policies, Judicial/Internal affairs, economic/monetary Union The EU in numbers: Wide disparity within EU Internal Aspects: Single Market - Customs union with common policies on product regulation and freedom of movement of all four factors of production (goods, services, capital and labor) Free trade of goods, services, capital and labor among member states The Schengen treaty – no borders Freedom for citizens to live and work anywhere within EU Competition law, harmonization of government regulations, trademark registrations. Internal Aspects Continued: Environmental Policy Common Agricultural Policy (HUGE!) Structural and Cohesion Funds Allows poorer regions to catch up! Aviation Eurozone - a single currency area (started in 1999) with the euro (€) as currency (launched 2002) The Euro: The Euro: External Aspects: Common external customs tariff, common position in international trade negotiations Funding for development programs in candidate countries Single market aviation area European Defense Agency In the future: Common Foreign Policy Has the EU been a success? To evaluate this statement we will consider how the EU has affected: Trade Liberalization Labor Mobility We consider these since from above we see that this is were the EU could have had the largest potential impact Trade Liberalization Trade Lib. - What is going on? How big would trade be without EU? Possible other reasons: Maybe richer/older economies al