European Union Foreign Policy In A Changing World Summary

The second edition of Karen E Smith’s book European Union Foreign Policy in a Changing World is another installation of the series started in 2003. The second installation is an update and expansion in which she offers a crisp and different outlook on the intricacies of the contemporaneous European Union’s foreign policy. Karen expounds on EU foreign policy by not only examining what the European Union is but also what it does. The book has nine chapters that delve into different aspects of the European Union policy but all focusing on the union’s foreign policy objectives. In the introduction chapter, Karen introduces the five pivotal foreign policy objectives that the European Union strives to achieve. These are: i.Advocacy for regional†¦show more content†¦The European Coal and Steel Community body was created post war second world war not only to achieve peace but also to solve the economic difficulties that the countries were facing. To achieve this, six countries agreed t the Treaty of Paris in effect forming an area of free trade. The book also looks at the the European Economic Community, a body created in 1958 to build a common market that had no tariffs or bottlenecks to the movement of goods and labor. This chapter looks at the transformation of the European Union through a number of political reforms and is depicted through the evolution of three distinct pillars:the European Communities, The Common Foreign and Security Policy (CFSP) and the The Justice and Home Affairs (JHA) Council. This evolution is tracked to what Smith describes as ‘the world’s largest unified market and trading bloc that conducts economic and trading relations with virtually every country ’(Smith, 21). The next chapter looks at the policy instruments that are available to the European Union. These policy instruments are economic, diplomatic and military. In the evaluation of each of these policy instruments Smith looks at certain policy tools are assessed. Some of the policy tools that are evaluated under economic instruments are trade and cooperation agreements with third world countries, development aid to those countries is evaluated, regional associations are also presented coupled with their share in the 2007 European UnionShow MoreRelatedE Commerce And The Internet Essay1226 Words   |  5 Pagessupply different services are used (Basu:2008). Thus, developers saw a gigantic gap in the market of online applications and software sales. People sell different applications and software to different people in different countries throughout the world even though they aren’t physically present in the countries that the sales are made. E-commerce is to use the internet to do business in a better and faster way. E-commerce is defined by an online dictionary as the following: â€Å"Commercial transactionsRead MoreGlobalization And Its Impact On The World1003 Words   |  5 Pagesworldwide change. What happens in one part of the world impacts people on the other side of the world. People around the world are influenced by common developments. The term â€Å"globalization† is used to describe this phenomenon. According to Harris, the term is being used in a variety of contexts. In a very broad context, media use it almost daily to refer to a wide variety of political, sociological, environmental, and economic trends. The business world, however, uses this term in a much narrowerRead More The European Union (EU) vs the North American Free Trade Agreement2961 Words   |  12 PagesThe European Union (EU) vs the North American Free Trade Agreement Introduction The European Union (EU) is the organization which integrates the countries listed below, both politically and economically. It is a customs union, which is an agreement amongst a group of countries to eliminate trade barriers between them on the movement of goods, services, labor and capital, and also to establish a common external tariff on goods and services coming into the union. The EU evolved from the EuropeanRead MoreThe Process Of Emergence The European Union Essay4475 Words   |  18 Pagesemergence the European Union marked the commencement of an innovative era, for instance job creation effective trade, free market, enhanced security, sustainable development, protecting human rights, economic cohesion etc are major objectives. Though all these positive aspect in the mind, the reality of global depression reveals that there is much to be improved and that the imbalances between Member States is extending further. In this position, to solve these troubles the European Commis sion launchedRead More Globalization and the International Monetary Community Essay4545 Words   |  19 Pages Executive Summary Our world is steadily shrinking. Technology is building bridges over the barriers of distance, language, and culture. It’s a process called globalization, and it is changing the way we live. Financial institutions haven’t been immune to the effects of this change. In fact, the international nature of financial institutions makes them particularly vulnerable to change. This paper addresses three issues caused by the globalization of the international monetary communityRead MoreTurkey And Intra European Rejection Of Turkey2271 Words   |  10 Pagesattempted to become a member of the European Union. As of 2014, Turkey is still a candidate country for membership and its position doesn’t appear to be changing anytime soon. This paper will outline the various challenges Turkey faced in the past and its relation to current challenges facing her ascension to membership in the European Union. This will take the form of establishing Turkey’s position relative to other European nations from the end of the Second World War and how Turkey is progressingRead MoreForeign Direct Investment:: Country Risk Assessment of Spain5765 Words   |  24 PagesOverall County Total 24 F. Works Cited 25 A. Introcution Spain s powerful world empire of the 16th and 17th centuries ultimately yielded command of the seas to England. Subsequent failure to embrace the mercantile and industrial revolutions caused the country to fall behind Britain, France, and Germany in economic and political power. Spain remained neutral in World Wars I and II, but suffered through a devastating Civil War (1936-39). In the second half of the 20th centuryRead MoreTurkey : The End Of The European Union2472 Words   |  10 Pagesattempted to become a member of the European Union. As of 2014, Turkey is still a candidate country for membership and its position doesn’t appear to be changing anytime soon. This paper will outline the various challenges Turkey faced in the past and its relation to current challenges facing her ascension to membership in the European Union. This will take the form of establishing Turkey’s position relative to other European nations from the end of the Second World War and how Turke y is progressingRead MoreThe Soviet Union And Capitalist America2090 Words   |  9 Pagesthe post-war world into a perpetual state of paranoia and dramatically rose tensions between both world powers and their respective ideologies; the Communist Soviet Union and Capitalist America. Both of these powers were in a race to have the advantage over one another, with accelerations in arms developments and eventually creating a standoff between the the Western and Eastern blocs. Two national leaders were very prevalent in bringing a significant amount of change to the European Region, the firstRead MoreRelated Analysis on Some Phenomenon of International Business2838 Words   |  12 Pages1. Executive Summary International business has grown so rapidly in the past decades because of strategic imperatives and environmental changes. Along with the growth of international business, some more issues have been becoming very phenomenal in relation to ways of doing international business as well as aspects of redefining global competition. In this essay, will cite some articles to interpret the phenomenon related to international business, such as Foreign Direct Investment (FDI) and Anti-dumping