European Integration
European Integration
Date: 09.01.2014
Introduction
The following paper will provide an overview on the importance of the regional union of Balkans countries before joining European Union. Initially the paper will describe the main forms of integration and the main benefit for each of them. Furthermore, the paper will explain the main barriers of political integration of the Albania, Macedonia, Kosova and Montenegro. The essay will be based in the daily political development of the region and the theory given from deferent scholars of economics and business.
Regional integration principles
Regional alliances to promote liberalization trade are important features in the second half of the 20th century. Today there are close to 100 agreements although not all of them have a practical implementation. Countries are trying to integrate their economies and open to new markets for their domestic firms and lower prices for their customers. According to Lundby & Jeffrey (2010), the characteristics of most important of international business are the extent of economic integration among the member countries. The economic integration affects exporting and investment opportunities among members and non-member countries. According to Warne &Nicholas (2005), there five different economic integration like free trade area, custom union, common market, economic union and political union. Following Bennett (2002), free trade area eliminates trade barriers among member countries like the NAFTA agreements between Canada, Mexico and United state. Custom union refers to the elimination of the trading barriers among members with common external trade policies for non-member countries. The best example of the custom union is the agreement between Argentina, Brazil, Paraguay and Uruguay. According to Gelfand, & Brett (2004), common union has the same characteristics as the custom union with the additional element the elimination of the barriers that inhibit the
Date: 09.01.2014
Introduction
The following paper will provide an overview on the importance of the regional union of Balkans countries before joining European Union. Initially the paper will describe the main forms of integration and the main benefit for each of them. Furthermore, the paper will explain the main barriers of political integration of the Albania, Macedonia, Kosova and Montenegro. The essay will be based in the daily political development of the region and the theory given from deferent scholars of economics and business.
Regional integration principles
Regional alliances to promote liberalization trade are important features in the second half of the 20th century. Today there are close to 100 agreements although not all of them have a practical implementation. Countries are trying to integrate their economies and open to new markets for their domestic firms and lower prices for their customers. According to Lundby & Jeffrey (2010), the characteristics of most important of international business are the extent of economic integration among the member countries. The economic integration affects exporting and investment opportunities among members and non-member countries. According to Warne &Nicholas (2005), there five different economic integration like free trade area, custom union, common market, economic union and political union. Following Bennett (2002), free trade area eliminates trade barriers among member countries like the NAFTA agreements between Canada, Mexico and United state. Custom union refers to the elimination of the trading barriers among members with common external trade policies for non-member countries. The best example of the custom union is the agreement between Argentina, Brazil, Paraguay and Uruguay. According to Gelfand, & Brett (2004), common union has the same characteristics as the custom union with the additional element the elimination of the barriers that inhibit the
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