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Essay Archive - Economic and Monetary Union of Europe
Economic and Monetary Union of Europe
The main reason for creating a European Market was the growing
international competitiveness. In the mid of the eighties the European countries
recognized that in the long run the national economies alone won't be able to
compete against countries like the US, Japan and the new industrial centers in
East Asia. The biggest advantage of the European integration is the unique
chance of causing significant economic growth in the member countries by
abolishing all kinds of barriers e.g. customs controls, trade restrictions,
liberation of the movement of capital, tax harmonization....
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