The legislative framework for the EU States in the context of economic and monetary integration

AuthorGabriela Bologa - Maria Rosca (Agape)
PositionAGORA University, Oradea Law and Economics Faculty - AGORA University, Oradea Law and Economics Faculty
Pages18-24
THE LEGISLATIVE FRAMEWORK FOR THE EU STATES
IN THE CONTEXT OF ECONOMIC AND MONETARY INTEGRATION
Candidate to PhD Lecturer Gabriela Bologa
AGORA University, Oradea
Law and Economics Faculty
gabi_fiat@yahoo.com
Student: Maria-Nicoleta Rosca (Agape)
AGORA University, Oradea
Law and Economics Faculty
maria_rosca@yahoo.com
Abstract: The process of globalization, creating ever closer interdependence among the
economies of countries around the world, and also technological revolution of the 90’s, including
the Internet and the new informational and communication technologies, has also led to the
revolution of the European economy and of daily lives of European citizens. European countries,
members of the European Union, on accession, met the accession criteria set by the European
Council in Copenhagen in 1983, and reaffirmed by the European Council in Madrid in 1995. These
criteria are: policy - stable institutions guaranteeing democracy, rule of law, human rights and
respect for minority protection, economic - a functioning market economy and ability to compete,
the ability to assume obligations of membership including adherence to the aims of political,
economic and monetary union, adoption of the community acquis.
Key words: economic integration, monetary integration, common market, economic and
monetary union, and community acquis.
1. Economic and monetary union
Economic integration
Starting from the idea of Pelkmans
1
(2003) that considers integration as “a process of
gradual elimination of borders of any kind among two or more independent states, designed to
enable those countries to operate as a single entity”, we can say that economic integration is process
by which nations until then willing and able to lead independently domestic and foreign policy, they
are trying to take with certain decisions or to delegate the decision making process of central
agencies, namely the process whereby political actors from several different states are persuaded to
change their expectations and political activities to a new centre.
Most analysts perceive integration primarily as an economic phenomenon, in the literature
being distinguished several stages of economic integration
2
, as:
1. Economic collaboration:
Which can be regional or global;
Includes all economic relations among states, including both bilateral and multilateral
ones.
2. Economic cooperation:
Form of cooperation among several countries, which participate jointly in achieving a
specific economic objective.
3. Preferential trade club:
Which is an association among two or more states, which cut their import levy for goods,
leaving their level unchanged in regard to third party (e.g. CEFTA)
4. Free trade zone is a more advanced form of integration:
1
Drăgan Gabriela ,Curs on-line ASE Bucureşti ,Uniunea Europeană între federalism şi interguvern amentalism. Politici
comune ale UE. Capitolul 1, p. 1
http://www.biblioteca digitala.ase.ro
2
Tofan Mihaela , Integrarea României în structurile Uniunii Monetare Europene,Ed. C.h. Beck.Bucureşti 2008, p. 179

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