On the one hand while the
globalization process accelerated in the world economy, on the other hand
regional integrations accelerated. While globalization has come to the
forefront in some matters, regional blocks have become more important in some
matters too. Globalization has contributed significantly to the acceleration of
the growth processes of countries. Global competition has encouraged countries
having difficulties to compete alone to create regional blocs. Regional
integration has given countries considerable economic and political advantages
in many areas. Economic integration can be defined as the union formed by the
free circulation of goods and services among the countries involved in
integration, the elimination of barriers to trade and the creation of a common
market. One of the most important and most successful of regional integrations,
which is based on a geographical basis, is the European Union. Countries that
are members to the EU in the last enlargement process have different economic
conditions than the current EU members in terms of development level. In this
context, it is targeted that the economic integration is theoretically analyzed
at first. Secondly it is aimed to introduced the benefits of economic
integration in terms of the economic development and global gains of Romania,
Bulgaria and Croatia that are new members of the EU. According to the results
of the analysis, it has been reached to a better position in global competition
in all three countries. In addition, it has been observed that Croatia has
improved in all of 10 development indicators while Bulgaria and Romania have
improved in 8 of 10 development indicators discussed in the research.
Primary Language | Turkish |
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Subjects | Business Administration |
Journal Section | Research Article |
Authors | |
Publication Date | June 22, 2020 |
Published in Issue | Year 2020 Volume: 7 Issue: 1 |
Pamukkale Journal of Business and Information Management