The Achievements, Failures and Main Options for the EU in the Management of Global Interdependence

The Achievements, Failures and Main Options for the EU in the Management of Global Interdependence

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The phenomenon of global interdependence began to be widely observed not without astonishment in the early 1970s of the 20th century, although it had been present much earlier reaching the beginnings of colonial era. Global interdependence, as well as European integration process started in the area of economy and, to some extent, still exist mainly on the level of economic cooperation. It is widely known that the role of the European Union as an international actor has grown, however it has to be admitted that Europe is not any more in the center of international focus. The emergence of a financial crisis in the United States revealed many issues the EU was not prepared for. However it had no choice but to face them and fail or succeed. Global interdependence turned out to be more significant than the EU expected, proving that the contemporary world is predominantly multipolar .

Results and major challenges of the EU in the post-crisis era
One of the greatest successes of the EU before the recession era were the enlargements of 2004 and 2007. This phenomenon, although some say too daring and causing a sort of “economic indigestion” in the EU , is a good example of management. Economic catching up in the new member states was a big success too, although presence of financial crisis will surely postpone next enlargements. Furthermore, it has to be admitted that the existence of the eurozone protected the EU’s integrity and single market, as it prevented currency turbulences. Thus, such countries as Denmark and Poland increase its interest in joining the eurozone. As emphasized by Roger Liddle, it is even believed that low inflation of the eurozone can actually lead the world out of the recession , so sustainin...

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... Roger Liddle, Policy Network, London 2009.
2. European Law Enforcement Agency:
3. From Reuters, Russia agrees oil deal with Ukraine, eases EU fears,,10,item.html
4. Global Interdependence Center:
5. Organization for Economic Cooperation and Development (OECD), Economic Survey of the European Union 2009: Policies to overcome the crisis:,3343,en_2649_34111_43711047_1_1_1_1,00.html
6. Rescuing the European project: EU legitimacy, governance and security, ed. Olaf Cramme, Policy Network, London 2009.
7. The European Union’s Judicial Cooperation Unit:
8. Tsoukalis Loukas, Cramme Olaf, Liddle Roger, An EU “fit for purpose” in the global age. Can we rise to the challenge?, Policy Network, London 2009.

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