Managementul afacerilor europene 2 (limba engleza)

Rationale

1. Romania is a state member of EU

2. European citizens (companies) have more duties but also rights

3. Integration process is a dynamic one (accession does not mean integration)

Main topics

Economic integration: concept and stages

History and importance of some events

The institutional structure and the decision/making process.The EU legislative acts

Economic and monetary union

The competition policy

The Enlargement process.The common budget

Objectives

(i) identify the major historical phases of the economic integration process in Europe; (ii) understand the main institution of the EU and their role in decision-making process; evaluate the importance of legal procedures in the EU.(iii) demonstrate practical and theoretical understanding of competition policy by evaluating case studies; (iv) understand the economic and monetary integration and assess the Romania's real chances to adopt Euro

v) evaluate the prospect of European enlargement and fiscal harmonization.

Assignments

Total seminar 40

Final exam 50

For granted 10

TOTAL 100

active participation (course): Extra points (15)

The final test (exam) will consist in multiple-choice and open questions The samples of questions will be provided during the courses all over the semester.

Very important!!!!! If the exam mark is below 50% of the exam mark all the other points won't be added

Bibliography

Dima Mihaela Alina, European Business Environment. Lecturing notes and study-cases, Bucuresti, 2007 (available in ASE-shop) -CD

Dima Mihaela Alina, Mediul European de Afaceri. Politica in domeniul concurentei, Bucuresti, 2007 (available in ASE-shop)

McDonald and Dearden: European Economic Integration, 4th ed., Prentice Hall, 2005

Selected journal articles

Internet resources: http://www.europa.eu.int, http://www.euobs.com/, http://www.ecb.int.

Economic integration

Conceptual issues

Economic integration

The establishment of transnational rules and regulations that enhance economic trade and cooperation among countries.

Economic integration

Static sense (no longer separated by economic frontiers)

Dynamic sense (gradual elimination of economic frontiers)

Positive integration (creation of equal conditions)

Negative integration (elimination of obstacles)

International Trade Liberalization: Regional Approach

EU, EFTA, EEA, CEFTA, NAFTA, ASEAN etc.

free trade among small number of nations; while maintaining some barriers with rest of the world

these are called preferential trading arrangements

Preferential Trading Agreement

Two or more countries when they reduce their respective duties on imports of goods (except services of capital) from each other, retaining their original tariffs against the outside world

A good historical example is Great Britain and its former colonies -- Commonwealth Preference System

Other examples of economic integration

Andean Community: An economic union that consists of Bolivia, Colombia, Ecuador, Peru and Venezuela.

Mercosur: A free trade group that consists of Argentina, Brazil, Paraguay and Uruguay.

ASEAN: Founded by Indonesia, Malaysia, the Philippines, Singapore and Thailand.

FTAA: A free trade agreement of the Americas?

Types of restrictions

Custom Duties or import duties (based on value or quantity); administrative costs, storage or test costs.

Quantitative (ceilings put on the volume): quota

Currency restrictions

Other non-tarrif impediments (fiscal treatment, safety norms, legal regulations etc)

Managementul afacerilor europene 2 (limba engleza) - cursuri