The European Union is an economic and political union of 28 countries that are located mainly in the continent of Europe and comprises a total population of 505.665.000 people. The EU has ensured the free movement of people, goods and services between countries in order to enhance home affairs, maintain trade and develop a single market. All countries in the European Union retain some power to handle themselves, although there are other areas where the EU has exclusive competence such as common policies, competition rules and commercial policy.
The unemployment rate has increased in the past years since the crisis started and it reaches a 10.5% today. However the Gross Domestic Power is still positive with an annual growth of 0.1%. According to the International Monetary Fund, at the end of 2013, the European GDP was the world ‘s largest going up to 17,371,618 millions US dollars. The inflation rate still stays low at 1.5%.
HISTORY AND MAIN SHIPYARDS
At the beginning of the 20th century Europe controlled the shipbuilding market, possessing 80% of the global market. As the century advanced, this leadership position was overthrown firstly by Japan in the 1950s and later by South Korea in the 1970s (ECORYS SCS Group ,2009). Despite of the increasing competition of these countries, Europe managed to maintain itself between the leaders of this industry throughout the second half of the 20th century.
The fast growth of the Chinese shipbuilding industry has a high impact on Europe. During the first decade of the 21st century Europe lost a big part of its share market and the most important shipyard in Europe ranked 38th in terms of orderbook measured in CGT in 2008 (ECORYS SCS Group ,2009).
In 2013 Europe had only the 1,1% of the w...
... middle of paper ...
...er new market opportunities and to increase competitiveness (European Commission, 2013).
Nevertheless, even when Europe had lost competitiveness and new orders in favour of other countries, most of the European shipyards were able to keep its strong position in some specific high-tech and quality market segments such as cruise vessels, luxury yachts, offshore vessels, military vessels and shiprepair. At present, four countries dominate the European shipbuilding industry: Germany, the Netherlands, Italy and Romania (ECORYS SCS Group ,2009). The future of European Shipbuilding industry depends on the capacity of reduce the number of shipyards through mergers and acquisitions increasing their capacity or the capacity to set up European consortiums that help to save money and allow to increase investments in R&D, innovation and business development (Spiegel, 2005).
With a high GDP of 547 billion dollars, Poland needed help. Fortunately, said in Document C, Germany helped Poland in many ways. Now, in the past two decades, Poland reached 62% of the level of the comfortable a country at the core of Europe(Document C). To conclude, if you join the EU in any conditions, your GDP may grow to a higher rank, but with challenging circumstances to
In conclusion, the European Union has “merged” the countries of Europe. It has developed a common currency called the Euro’s, and a Parliament located in Belgium, Luxembourg, and France. Also, ALL of the countries of the Union are affected when one country is affected. This is important because the continent of Europe had become very weak after the wars and they needed to strengthen, and the European Union keeps the countries of Europe strong and economically fit.
Shipping goods through Detroit to the Port of Halifax provides the opportunity to use vacated industrial centers by repurposing these facilities for transshipment and manufacturing. Detroit as a transshipment hub provides a distribution system for goods to move to worldwide markets. Many manufacturers have failed due to a lack of an adequat...
The Common Market is the third level of trade blocs. This has features of the Customs Union plus free movement of capital and labour and some policy harmonisation such as similar trade policies to prevent certain member countries having an unfair advantage. The European Union is an example of a Common Market and is an economic and political partnership that involves 28 European countries. It allows goods and people to be moved around and has its own currency, the euro, which is used by nineteen of the member countries (The UK excluded). It also has its own parliament and sets rules in a wide range of areas such as transport,... ...
Problems with the Maastricht Treaty and its Goal to Unify Europe My position is in opposition to the unification of Europe as proposed under the Maastricht Treaty, as beneficial to Europe. We will prove beyond a reasonable doubt about the uselessness of the treaty. The main principle of the Maastricht Treaty is European Unity. Unity is a nice warm hearted word.
France engages in quite a few secondary economic activities such as manufacturing, machinery and transport equipment production, aircraft production, and pharmaceutical items. This part of the economy makes up about 26% of France’s gross domestic product and 25% of its labor force (“CIA 2001”, 1). Manufacturing plays the largest role out of all of the secondary economic activities with a contribution of 16% to the gross domestic product. Behind it are the construction and energy generation companies which account for 4% and 3% of the gross domestic product (“Economic Structure”, 1).
As the economic integration of Europe continues, it is likely that increasing international competition will affect firms in European industries. As other countries expand and have more trade worldwide, the more the European economy will be affected. The economy will tend to buy from outside of Europe due to taste and lower prices. There would be more firms to choose from decreasing Economies of scale are significant because motor vehicle manufacturing is an industry based on growth. Since the automotive industry being discussed is in Italy, it is based primarily around one company, Fiat. The majority of sales of automobiles in Italy are acquired by Fiat. The automotive industry constitutes a substantial part in the European economy because this industry makes up 10 percent of total manufacturing output.
The EU is a union of sovereign European states who share sovereignty based on treaty. The union also possesses competences in policy sectors with exclusive jurisdiction in the area of Economic and Monetary Union while others are shared with Member States (MS), the other powers belong to MS as derived from the conferral of powers art 5(2) TEU, 2(1) TFEU art.3 & 4 TFEU additionally other powers have been offered by the decisions of the European Court for direct effect on citizens
I will firstly look at each one individually and how it is organised then analyse its powers and responsibilities before comparing them and drawing up my conclusions. However I would like to note that there are many different interpretations and parameters of ‘powerful’ which make it difficult to answer the question. The EU was established in 1992 by the Maastricht Treaty. It comprises what are known as three ‘pillars’.
Europe will not run the 21st century because of a combination of economic, institutional, and cultural factors. However, for the purpose of this paper, I will focus on the economic aspects of European society that will impede EU ascendency. I do not believe that the EU will cease to exist in the coming century, but I do believe it will become obsolete because it will be unable to make the necessary changes to their demographic problems, defense policies, and economic culture in response to the increasing American ascendency. Europe has long been known as the continent home to the great powers of the world. From Caesar to Napoleon to the British Empire, the European empires have continuously been at the helm of the ship of progress. The wars of the 20th century however, left Europe in a wake of destruction and chaos period before. The continent was devastated and had little hope to recover. In this new era of European descent, the great American Era came into existence. The US, one of the remaining superpowers, became the helping hand that Europe needed. With the aid allocated by the Marshall Plan and the creation of programs and institutions, Europe had a future. The creation of the European Union (EU) united the European countries over the common goal of preventing war another war. The United States intended for these programs to be a stepping-stone to build the economic and institutional powers of Europe, because a stronger Europe was good for the US. However, instead of using these as a springboard to create self-reliant union, the EU remains reliant on US military and hard power to support them their social efforts.
The recent global financial crisis that affected not only America but also Europe and other parts of the world resulted in massive unemployment. This is due to the high costs of operation that many corporations faced forcing them to cut on labor costs. There is need for European government interventions to avert this social crisis and prevent the occurrence of such a crisis in future. Unemployment has hit the service sector harder than other sectors with the following being the most affected: automotive, construction, tourism, finance and real estate. The global financial crisis has also increased consumer prices thus pushing inflation. According to McCathie, “the increase in July consumer prices to 1.7 per cent pushed inflation in the currency bloc up towards the European Central Bank’s target of keeping inflation at below, but close to 2 per cent. Eurozone consumer prices had stood at 1.4 per cent in June” (McCathie, 2010).
This report provides an analysis and recommendation of current issues faced by Singapore-based Meli Marine, a leading container shipping company in the intra-Asian market, weather gain a presence in the Asia-North America trade routes through an acquisition of 16 vessels of Teeh-Sah Holdings. On the surface, this opportunity would expands Meli’s business and diversify it’s operations and provide a protect function against a downturn in intra-Asian market. But, this oppotunity will bring Meli lots of economic risks. It would return Meli to its former less flexible model with owning vessels also. I recommend that Meli giving up this opportunity and keeping going current excellent customer service then gradually into TransPacific
The Greek economy has seen a large collapse following the recent worldwide recession. The European Union has expressed concerns for the impact that Greece’s economic collapse will negatively affect other member nations. Greece and the European Union are working to reduce the Greek deficit and to contain the economic crisis to Greece.
The enlargement of the European Union (EU) in 2004 and 2007 has been termed as the largest single expansion of the EU with a total of 12 new member states – bringing the number of members to 27 – and more than 77 million citizens joining the Commission (Murphy 2006, Neueder 2003, Ross 2011). A majority of the new member states in this enlargement are from the eastern part of the continent and were countries that had just emerged from communist economies (EC 2009, Ross 2011), although overall, the enlargement also saw new member states from very different economic, social and political compared to that of the old member states (EC 2009, Ross 2011). This enlargement was also a historical significance in European history, for it saw the reunification of Europe since the Cold War in a world of increasing globalization (EC 2009, Mulle et al. 2013, Ross 2011). For that, overall, this enlargement is considered by many to have been a great success for the EU and its citizens but it is not without its problems and challenges (EC 2009, Mulle et al. 2013, Ross 2011). This essay will thus examine the impact of the 2004/2007 enlargements from two perspectives: firstly, the impact of the enlargements on the EU as a whole, and thereafter, how the enlargements have affected the new member states that were acceded during the 2004/2007 periods. Included in the essay will be the extent of their integration into the EU and how being a part of the Commission has contributed to their development as nation states. Following that, this essay will then evaluate the overall success of the enlargement process and whether the EU or the new member states have both benefited from the accessions or whether the enlargement has only proven advantageous to one th...
The world's largest trading block, and a global competitor, a growing trade volume and speed of all the controversial success of the EU Customs Union of the EU can be considered as indicators of continued success. This is supported trade and economic growth, and safety, security, health and environmental protection. Last 500 million EU citizens four years, the customs union always new tasks, adapt to new geographical sizes, and changing global conditions, enforced. Last responsibilities successfully in ten years, but also successful co-operation and EU-wide coordination of IT systems and processes that require applied to each other. Today, 27 national governments to share the burden of managing the customs union, and they are really a single 'entity' to apply its own rules, it is expected by stakeholders. The other one is that Customs therefore increasing public health, consumer protection, environment and agriculture, for example, the implementation of the relevant legislation, including a comprehensive "guardian of the internal market as" serving.