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EUROPEAN UNIVERSITY OF LEFKE

FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENES

BUSINESS DEPARTMENT

COURSE; EUROPEAN AND ECONOMIC INTEGRATION

ASSIGNMENT

Submitted to; ERHAN ERCIN

You can contact me to: maradona@rambler.ru

Name: Makhsut

Surname: Zulufov

Number: 21-4295

Date: 10.06.2006

EUROPEAN UNIVERSITY OF LEFKE

FACULTY OF ADMINISTRATIVE AND ECONOMIC SCIENCES

BUSINESS DEPARTMENT

IMPACT OF EUROPEAN INTEGRATION IN ITS MEMBER STATES

Prepared By:

MAKHSUT ZULUFOV

June 2006

HOME IS WHERE THE HEART IS

BUSINESS IS WHERE THE BRAIN IS

OFFICE IS WHERE THE USER IS

VALUE IS WHERE THE INFORMATION IS

1

SYNOPSIS

This project does cover the topic of European Union by including the starting up of EU with its original three countries and bringing a concept of Benelux that combined from the initial letters of Belgium, Netherlands, and Luxembourg.

The map of the world has changed as European Nations decided to come together and found a common ground while they were in process. EU bloc has became one of the leading bloc and it says the role of those nations changed and nations eliminated barriers and established one concept of Single Market and Euro region which is region of transnational change on its continent.

Also this project covers main advantages and disadvantages of such union by giving a chance to European countries to have access to this entity. The aim is to achieve unanimity in all terms. However, they have not achieved last and further stage.

CONTENTS

Synopsis…………………………………………………………………… …...4Introduction………………………………………………………………………………………… …..6

EU and its impact on its member state……………………………………………………. …..7

Brief information of history…………………………………………………….9

Rationality on eastward enlargement and candidacy of Turkey………………….. …10

Single Market…………………………………………………………………………….12Stages of Economic Integration……………………………………………......13

Single European Act 1986…………………………………………………......15

Maastricht Treaty (Treaty on EU)……………………………………………..15

Relation of Turkey and EU……………………………………………………16

Disadvantages of European Union…………………………………………….17

Advantages of European Union……………………………………………….18

Demographic problem…………………………………………………………21Conclusion……………………………………………………………………..23

Bibliography…………………………………………………………………...24

INTRODUCTION

After World War II, showed the need to unify the people of Europe in a way that would minimize, but not destroy, national patriotism that was felt to be a cause of both World Wars. European countries realized that establishment of strong relationship is necessary for avoiding of a conflict and not to repeat it, which was in 1939-45. In this project I would like to express how European nations integrating on the continent or in other word a big peninsula of Europe, where 25 countries are united and became highly interdependent on each other because of Economic Union (Integration), which is the last and achieved stage (level) of integration, by excluding Political Union.

In recent years the European Community has initiated structural changes such as the Single Market, which proceeded by Free Trade Area and Custom Union. However, world has witnessed more rapid and dramatic changes in Euro zone.

To bring out one more international currency of € (Euro), European countries have put too much of efforts which was really hard job. European countries have signed main several Treaties for establishment of Economic Integration.

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

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