Europe has been an economic, commercial and financial power since the 11th century (middle Ages). At that time it boasted of two major shopping centers run by the Flanders in Northern Germany and Northern Italy. The discovery of America in the late 15th century and the colonization which followed it during the 16th century was a source of economic wealth for all of Europe, thanks to the Atlantic trade which was also called the triangular trade. The enrichment was slow but continuous over several centuries and enabled Europeans to accumulate huge capital resources, and knowledge which led to the first industrial revolution which was a new source of enrichment in economy and technology. This new enrichment led to the second wave of colonization in Asia and Africa in the 14th century.
[...] The weakening of the European social model During the wars, the Western European states adopted Keynesian-type policies that allowed them to develop social protection systems that were more advanced than the rest of the world. Today after 40 years of crisis, social protection is weakened and politicians seeking the gradual withdrawal of the welfare state and social decline are increasing. In Western Europe there is a pread of social inequality, job insecurity and poor-emergence of workers. III) The EU, a heterogeneous space Organizing centers At the core of the EU is the megalopolis that runs from London to Milan. [...]
[...] Its originality lies in the sharing of real-world issues as in the case of the Airbus. Another unique factor are in the ongoing negotiations for GMOs enlargement and also the financial solidarity principle called CAP. Second foundation: the extent of its domestic market of 455 million. Third foundation: the role of global financial institutions with the importance of its grants, its capital and the rising power of its currency. Fourth foundation: the influence of AMN (Renault, DANONE, Air France- KLM). [...]
[...] The first was Eureka, a European program of industrial and technological cooperation which led to the commercialization of new products and the second was Galileo, a program that was a competitor to GPS and successfully launched 30 satellites. A final figure illustrates these weaknesses because the budget of the union represents only of GDP. The social aspect Europe faced a penalizing growth in unemployment growth. Unemployment is high because of the poor growth available in jobs. A worker must relocate In order to grow and earn higher wages. [...]
[...] Tourism is a source of growth for the EU currency and employment as it attracts many tourists. EU has met with huge success because unlike the United States and Japan, it EU does not impose high tariffs to protect its economy. The TEC is less than and is recorded as being the lowest in the world. The EU also has the advantage of having many former colonies with which it has agreements that established a system of trade preferences, but with strict control on human rights, illegal immigration and establishment of a market economy. [...]
[...] The European financial control is concentrated in London and Frankfurt Paris) with stock exchanges in these cities, and the ECB headquarters located in Frankfurt. The political leadership of Europe is concentrated in Brussels, Strasbourg and Luxembourg. This results in changed dynamics as it weakens the north and south slides. The unevenly integrated peripheral areas (and all dependent centers) The peripheral areas of Western Europe Integrated peripheries The Integrated peripheries are characterized by less economic development than the ridge. This is because they are dependent on the central areas for jobs and investment. [...]
Online readingwith our online reader
Content validatedby our reading committee