rts which was really hard job. European countries have signed main several Treaties for establishment of Economic Integration. p> First Treaty of EEC was Treaty of Paris, which set up the European Coal and Steel Community (ECSC), this Treaty was signed by six countries (Belgium, Netherlands, Luxembourg, France, West Germany, and Italy.)
The same six countries signed the Treaty of Rome, establishing the European Economic Community (EEC), better known as the Common Market. And later, these countries signed Single European Act (SEA). And last stage is Economic and Monetary Union (EMU) which is the Maastricht Treaty. These Treaties have contributed to make such transnational change on the continent of Europe. As well as, international entity, which is European Union, has some advantages and disadvantages.
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EU and its impact on its member states
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The European Union (EU) is a unique endeavor involving economic and political integration in the world today. Europe is conventionally considered one of the seven continents of Earth, which in this case, is more a cultural and political distinction than a physiographic one, leading to various perspectives about Europe's borders. Physically and geologically, Europe is a subcontinent or large peninsula, forming the western most part of Eurasia and west of Asia. The European Union has 25 member states, an area of ​​3,892,685 km ² and approximately 460 million inhabitants as of December 2004. The European Union's member states combined represent the world's largest economy by GDP, the seventh largest territory in the world by area and the third largest by population. The EU describes itself as an "a family of democratic European countries" though the extent of "European" has been a matter of debate, especially in relation to the possibility of the accession of Turkey. p> The main focus is on the Common Market and Monetary Union aspects of the European story. The Common Market has of course evolved and is evolving both in terms of membership and scope. The key developments were the Single European Act of 1986, the Maastricht Treaty on European Union of 1992 and the Treaty of Amsterdam of 1997. The Single Act set the community the basic task of completing the creation of Single European Market. The Maastricht Treaty transformed the relationship in a variety of ways. p> First, the European Economic Community is now referred to as the European Community since it covers social and cultural as well as economic matters. Second, the process of economic integration has now been pointed towards the ultimate destination of Economic and Monetary Union. Third, the whole complex of relationships has been given the title of the European Union. The Union's task is not only economic, social and cultural integration; it also takes in the Common Foreign and Security Policy and what is now called Police and Judicial Cooperation in Criminal Matters. In short, integration has spilled over from economic to broadly political affairs.
Economic Integration is a term used to describe how different aspects between economies are integrated. The basics of this theory were written by the Hungarian Economist Bela Balassa in the 1960s. As economic integration increases, the barriers of trade between markets diminish. The most integrated economy today, between independent nations, is the European Union and its Euro zone. p> European Integration is the process of political and economic (and in some cases social and cultural) integration of European (and some peripheral) states into a tighter bloc. The main and most powerful body of European Integration is European Union, (European Union is an intergovernmental and supranational union of 25 democratic member states from the European Continent. * br/>
A basic tension exists within the European Union between intergovernmentalism and supranationalism. Intergovernmentalism is a method of decision-making in international organizations where power is possessed by the member states and decisions are made by unanimity. Independent appointees of the governments or elected representatives have solely advisory or implementation functions. Intergovernmentalism is used by most international organizations today. An alternative method of decision-making in international organizations is supranationalism. In supranationalism power is held by independent appointed officials or by representatives elected by the legislatures or people of the member states. Member state governments still have power, but they must share this power with other actors. Furthermore, decisions are made by majority votes; hence it is possible for a member-state to be forced by the other member-states to implement a decision against its will.
Some forces in European Union politics favor the intergovernmental approach, while others fav...
