The European Union Explained: Institutions, Actors, Global Impact

By Andreas Staab | Go to book overview

9
The Single Market and Competition

The founding fathers of the European Union envisaged the establishment of a Single Market—the free movement of goods, services, capital, and labor—as a crucial guarantor of peace, stability, and economic progress for a region recovering from the catastrophe of World War II. In the early nineteenth century the German philosopher Immanuel Kant argued in his essay, “Perpetual Peace,” that trading nations do not go to war with one another simply because war would have a detrimental effect on profits. More than a century later the EU’s original six member states set out to make Kant’s dictum a practical reality. Article 2 of the Treaty of Rome of 1957, which established the European Economic Community (EEC), stated that its purpose was “to promote throughout the Community a harmonious development of economic activities, a continuous and balanced expansion, an increase in stability, an accelerated raising of the standard of living, and closer relations between the states belonging to it.” But not until 1993 did the European Union fully realize the objective of the treaty. This chapter analyzes the reasons for this delay, how the European Commission managed to convince the member states of the extraordinary benefits that a Single Market could bring, and whether, some twenty years on, the initiative lived up to its promises. Areas and sectors currently earmarked for further European integration

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The European Union Explained: Institutions, Actors, Global Impact
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Preface ix
  • Acknowledgments xiii
  • Acronyms xv
  • Tables xix
  • Part One - The Evolution of the European Union 1
  • 1 - Parameters of European Integration 3
  • 2 - Enlarsement 32
  • Part Two - Institutions 47
  • 3 - The European Commission 49
  • 4 - The European Council 56
  • 5 - The Council of Ministers 61
  • 6 - The European Parliament 67
  • 7 - The European Court of Justice 76
  • 8 - Checks and Balances 84
  • Part Three - Policies 91
  • 9 - The Single Market and Competition 93
  • 10 - Regional Rolicy and Cohesion 106
  • 11 - The Common Agricultural Policy 116
  • 12 - Economic and Monetary Union 128
  • 13 - Justice and Home Affairs 141
  • 14 - Common Foreign and Security Policy 151
  • 15 - Trade and the Common Commercial Policy 161
  • 16 - Environment 171
  • 17 - The Sovereign Debt Crisis in the Eurozone 179
  • Outlook- The Future of European Integration 197
  • Notes 205
  • Bibliosraphy 225
  • Index 229
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