Specifically, the promotion of the focal and eastern European nations has expanded the potential profits of the Internal Market. (ILZKOVITZ et al)It has expanded the pool of purchasers yet it likewise furnishes firms with extra chances to draw on the more extensive reach of relative preferences that portray the diverse Member States. Henceforth, extension helps to a more dynamic and effective Internal Market prompting a stronger European economy that is better prepared to face the expanding worldwide rivalry. (ILZKOVITZ et al)Economic Integration is a sound economic concept that boosts the overall wellbeing of the integrated nations. Greece, for example, received tremendous support during its financial crisis from the EU. With other parts of the world, especially South East Asia and the Middle East trying to form such economic integrations as well, it seems that this concept is a success worldwide. However, some key issues in economic integration must include: Preferred Trade Area, Organized commerce Area, Traditions Union, Basic Market, Economic UnionBritish organizations deeply value facilitated commerce with other European countries, however, are more prone to be doubtful or unsure about whether the current level of integration in the European Union (EU) is useful to their organizations prospects. International Environment & Business and Europe.
EconomicsOnline. Stages of economic integration. n.d. 14 June 2014 <http://economicsonline.co.uk/Global_economics/Economic_integration.html>.
Holden, Michael. Stages of Economic Integration: From Autarky to Economic Union. 13 Feb 2003. 14 June 2014 <http://publications.gc.ca/collections/Collection-R/LoPBdP/inbrief/prb0249-e.htm#economictxt>.
ILZKOVITZ et al. “STEPS TOWARDS A DEEPER ECONOMIC INTEGRATION: THE INTERNAL MARKET IN THE 21ST CENTURY.” European Commission Economic Papers (2007).
Larvin & Morrison. UK businesses want more free trade in Europe, but less integration. 16 June 2012. 14 June 2014 <http://www.britishchambers.org.uk/press-office/press-releases/uk-businesses-want-more-free-trade-in-europe,-but-less-integration.html>.
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