EUROPEAN BUSINESS ENVIRONMENT Essay Example | Topics and Well Written Essays - 3000 words

EUROPEAN BUSINESS ENVIRONMENT - Essay ExampleBut the relationship betwixt the handicraft activities and economic development is more complex than it seems because it cant be said for sure that improved trade activities will definitely scat to economic growth of the nation, although there are numerous evidences which support the nexus between economic development and prosperity and improved business activities. An open providence supports the relationship between economic growth and improved trade activities (Europa-a, n.d.). All of the members of the Europe Union were aware of the relationship between economic growth and trade activities as they were benefited from the free trade affairs between the EU nations which not only supported their trade activities but also enhanced their economic growth. Since the unveiling of the integration process, European nations have maintained their enlargement policy which significantly impacted the economic conditions of the member nations. It was also perceived that in the near early whatever changes are introduced in the EU regulations and policies, its going to have a direct impact on the economic and trade performances of the current and future members of the Europe Union. From the primal stages of development of European Union as Single Market, the intra industrial trade activities have remained prominent. This has supported the new members to adhere themselves to the community by making minor adjustments in their overall industrial structure (Frias & Iglesias, 2004, p.55).The integration process of European nations had started during 1940s and has developed significantly since then. However, several events have stop their process of integration. Such phases are popularly known as the phases of crises and scarcity of economic resources resulting from events of wars and economic turmoil. These unstable conditions lead to changes in the policies of EU which was tailored to stretch out the consequences. Considering these