Running Head: THE GLOBALIZATION AND EUROPEAN UNIQUE MARKETTHE GLOBALIZATION AND EUROPEAN UNIQUE MARKET5

THE GLOBALIZATION AND EUROPEAN UNIQUE MARKET - A NEW CHALENGES FOR THE ROMANIAN ECONOMY___________________________________________________________________Jankibahen PanchalAmerican college of commerce and technologySUBJECT CODE: ECO500

INTRODUCTIONAs regarding theglobalization, we confront ourselves both with false ideologies perceptions of this phenomenon and with conceptions which make the rule of understanding, though they are inadequate, accomplished or simply inaccurate.As both theory and phenomenon,globalizationtends to increase the economic blockings existent at a certain moment. Therefore, in the specialist literature, it is presented as a challenge and justification, as well as a stimulus to widen integrity, competition and freedom of trade.According to certain authors, the European Union appeared as a response to the intensification of competition on the global market and as a consequence and cause of changes in the economic role of the states. It became a significant actor in the worldwide economy.The unique market is an essential component of the international economic integration and, at the same time, the main means of achieving the common goals of the states which are part of it. If initially, the accent was emphasized on the elimination of the main cross-border obstacles which the enterprises were confronting with, the European unique market should evolve as to improve the functioning of the markets and to bring concrete benefits to the citizens, entrepreneurs, workers and consumers in an enlarged Europe.In order to realize these objectives, the European unique market should face the following changes:1.Globalization, which offers numerous opportunities but which has accumulated the competitive pressure for the European enterprises and which makes that the razor edge between the internal and external markets to become more and more indeterminate;2. Structural changes generated by the development of the economy based on knowledge, the increasingly important role of services within the economy, the increase of energy dependence, climate changes and population ageing;3. A more extended and diversified European Union, which developed from a community of 12 members and which has at present a number of members.

In analysing the benefits and the disadvantages brought by the European unique market, at the extremes there are those who either support the European unique market without reservation, considering it a cure-all, or reject it completely.The disadvantages of the unique market would be as follows:- on short term: partial loss of national economic control;- on medium and long term: if this loss shall be prolonged, some immature industries could disappear.The contemporary world is one of interdependences; from the specialists' point of view, there is no better solution at this moment than globalizationand rationalization.The integration within the European Union implies respecting the same rules and regulations both on the national and unique markets.Romania is challenged by the identification of key-factors to constitute an environment in which the entrepreneurial initiative and commercial activities may develop. Political measures shall be needed in order to stimulate the entrepreneurship both at the level of "unique" and national markets, through an adequate approach for raising the number of entrepreneurs and developing an increasing number of firms.Globalizationand the European unique market, as all social-economicalphenomena is neither totally good, but it can neither be considered something totally bad. We can only say that, overall, it has more positive aspects than negative ones or, just as Joseph E. Stiglitz states "those criticizingglobalizationtoo often ignore its benefits."They demand that the unique market to become a means, not an aim. A means to allow all those who are part of the European Union to fully capitalize the opportunities offered to them by a more open and integrated European Union. At the same time, they contrive promoting the interests of the European citizens in an era ofGlobalizationon a cosmopolitan stage.Therefore, the unique market is never going to be "complete" or "accomplished". A stable legislative frame was formulated for most of the activity sectors, but on the one hand there are still gaps to be filled, on the other hand the current norms are not always fully applied.CONCLUSIONSIn conclusion, the unique market is promoted by certain connected politics applied by the European Union along the years and for Romanian economy specialists importance is that have the task of finding viable answers to such challenges. The purpose of these politics is to aid as many companies and consumers to enjoy the advantages of the unique market including the Romanians.

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