European business practice Essay Example | Topics and Well Written Essays - 3000 words

European business practice - Essay ExampleMoreover, its enlargement throughout the European region has facilitated the regions growth. In this article, functions of the EU will be analyzed so as to comprehend the implications of EU operations to its member states.The European Union is currently the worlds largest market. This political- scotch jointure currently boasts of 28 member states, majority of which are European States. Since its ramp upment after the aftermath of population War II, the union has been successful in its expansion and success in the political and economic snap (Gilbert 2012).The EU is driven to achieve its five main objectives for the overall benefit of its member state. First, the EU strives to establish freedom, security and justice without internal frontiers among member states, secondly, the EU is determined to promote an internal market where arguing is free and undistorted. Third, the Union strives to promote innovative technologies among member stat es and lastly, the union strives to promote economic, social and territorial gluiness and solidarity among member states (Europa 2014). Since its multiplication, the union has significantly achieved its purpose of market integration and cohesion 28 among member states.The genesis of EU dates back from 1945 to 1993. However, its integration had been proposed as early as the 14th century (Artis & Nikson 2007). The Second area War had led to detrimental effects in the economy of European states. Consequentially, 20 million lives were muddled during the war in Europe alone. Moreover, the region had incurred numerous capital losses. Inevitably, the political and military reconstruction of initiation War II facilitated the need for an economic integration (Artis & Nikson 2007). The cold war of 1950 also worsened the economic situation of the region.The dream of an integrated EU was strongly influenced by the historical experiences of its founding fathers (Artis & Nikson 2007). The pio neers