The Level of Governance in the European Union
The Level of Governance in the European Union

Summary/Abstract: This article deals with the current issues of the development of European economic integration and analysis of the level of governance in Member State of the European Union. The need to streamline EU economic governance was mainly during the debt crisis in the Eurozone, where several member countries got in serious economic problems. The economic crisis has affected all members of the EU, but with a different intensity. The following crisis has exposed several weaknesses and specially a high degree of heterogeneity of all Member States. The first part will be devoted to the theory and methods used for real and nominal economic variables in the EU. First, we evaluate the status of governance of Member States and examine whether there has been a reduction in the disparity from the enlargement of the European Union in 2004. We also summarize the existing heterogeneity in EU indicators and basic data concerning economic, political and social variables. In the second part, we will deal with analysis of the results. The main task of this chapter will closely examine how homogenous/heterogeneous the Member States are. Finally, we conclude by explaining the actual status of the level of governance of the European Union. In doing so, we show how each new component of governance and its tools are key factors for not only economic prosperity and development of the EU, but also for preserving and strengthening the EU's position in the world economy.

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