European Integration and Market Economy Europe – A New Economic Order

Abstract

The world is changing around us fast again, the end of world war two which founded the first European integration work which yielded finally to the European Union in 1951 can be now the same reason for further integration. The global economic competition for domination world markets from several world powers transformed globalization into a war. For the EU the challenges as a union are increasing and are not stopping but also becoming harder, 2012 was mostly about stopping European bank system from collapsing even with Mario Draghi’s success on that boiling situation. Very little has been done to address debt legacy and social tensions which are worsening every month effecting EU stock markets. This paper aims to illustrate some aspects regarding the European economic integration through aspects related to major area fields such as energy, banking, fiscal regulations, FDI (Foreign Direct Investments) and demographics. The paper will also try to describe the concepts of market economy and European business integration models as solution to reduce costs and the effects on EU market, and also will focus on understanding the mission of European integration in public sector development, and the benefits on European community.