EUROPEAN BUSINESS ENVIRONMENT Essay Example | Topics and Well Written Essays - 3000 words

EUROPEAN BUSINESS ENVIRONMENT - Essay ExampleBut the family between the pot activities and economic development is more complex than it seems because it cant be said for sure that amend trade activities will definitely spark advance to economic growth of the nation, although there are numerous evidences which musical accompaniment the nexus between economic development and prosperity and improved business activities. An open economy supports the race between economic growth and improved trade activities (Europa-a, n.d.). All of the members of the atomic number 63 Union were aware of the relationship between economic growth and trade activities as they were benefited from the free trade affairs between the EU nations which not only back up their trade activities but withal enhanced their economic growth. Since the initiation of the consolidation passage, European nations have maintained their enlargement policy which significantly impacted the economic conditions of the memb er nations. It was also perceived that in the near future whatever changes are introduced in the EU regulations and policies, its passage to have a direct impact on the economic and trade performances of the current and upcoming members of the Europe Union. From the primal stages of development of European Union as Single Market, the intra industrial trade activities have remained prominent. This has supported the new members to adhere themselves to the community by making minor adjustments in their overall industrial social organisation (Frias & Iglesias, 2004, p.55).The integration process of European nations had started during 1940s and has developed significantly since then. However, several events have interrupted their process of integration. Such phases are popularly known as the phases of crises and scarcity of economic resources resulting from events of wars and economic turmoil. These unstable conditions lead to changes in the policies of EU which was tailored to resist the consequences. Considering these