Running Head: THE GLOBALIZATION AND EUROPEAN UNIQUE MARKET

THE GLOBALIZATION AND EUROPEAN UNIQUE MARKET - A NEW CHALENGES

FOR THE ROMANIAN ECONOMY
___________________________________________________________________
Jankibahen Panchal
American college of commerce and technology
SUBJECT CODE: ECO500

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INTRODUCTION
As regarding the globalization, 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, globalization tends 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;

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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 globalization and 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.

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Globalization and the European unique market, as all social-economical phenomena 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 criticizing globalization too 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 of Globalization on 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.
CONCLUSIONS
In 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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REFERENCES
Oncioiu, I., & Sorescu, F. (2012). THE GLOBALIZATION AND EUROPEAN UNIQUE
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http://search.proquest.com/docview/1323542486?Accountid=150384
Blondel J., (2004) The globalization: approach to the phenomenon and its impact on
humanitarian action, IRRC, vol 86, nr. 855 2004.
Matthew T., (2003) The world of services and associated levers a Technology has its
industrialization, Pea Consulting.
Mattera (2002) The internal running of the community, Reports 2000.
Moussis N. (1996) Handbook of the European Union, Edit. EUR, Paris.