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The Community Of Europe And Globalization

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Chapter Summary

The European community is the result of a long and arduous process of institution building over a period of several decades. Economic forces did not exclusively create the new Europe; rather, the European Economic Community and today's European Union (EU) have gradually institutionalized the continent-wide market in order to build the community. The institutionalization of various forms of integration was done in a specifically European way, with emphasis upon accommodating national differences, inevitably and cultural diversity. Economic integration has been one of several tools that have been utilized for the purpose of community building. The Europeans did not integrate in order to have a single market; they have created the single market in order to integrate. The literature on globalization abounds with references to the marginalization of nation-states and the increasing irrelevance of national governments. The globalization literature assumes that universal markets will necessarily raise per capita GDP.

Keywords: cultural diversity; economic integration; European Community; European Union (EU); Globalization



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