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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1158 |
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The Union has a common single market, consisting of a customs union, a single currency (the euro) managed by the European Central Bank, a Common Agricultural Policy, a common trade policy, a Common Fisheries Policy, and a Common Foreign and Security Policy. Passport and customs checks were abolished at most of the European Union's internal borders, creating a single space of mobility for EU citizens to live, travel, work and invest...
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The result is a greater world production than could be achieved with trade restrictions.
Linking neighboring economies and making them increasingly dependent on each other creates incentives for political cooperation between the neighboring states and reduces the potential for violent conflict. This can also increase the regions political weight in the world...
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General points of the essay
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Something In Common
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