European Union in Compassion with Pacific Alliance

Trichet J, ‘The Process Of European Economic Integration’ (European Central Bank, 2007) 

In this article, the ECB president Trichet 2007 elucidates the uniqueness of historical development and the various challenges that participants have surpassed to arrive at the current situation. The European Union enlargement is contextualized endeavors that are exceptional with the inclusion of Bulgaria and Romania. The article is essential in this reach since it exemplifies the context of economic integration that has escalated in the countries that are affiliated to the EU. The article explores the issues of economic integration and the inherent risks that are surfaced when countries in the EU fail to embrace deeper integration. The euro-era can be created through globalization that is supposed to propel the introduction of flexible economies. The argument is that social partners, as well as policymakers, are supposed to increase their responsibilities. Trichet 2007 uses the platform to stylize the context of global economies to elaborate on the features of economic integration compared to other regional blocks and more to the countries in OECD. The contextualized economic integration features are economic integration, financial integration, labor mobility, and synchronization degree on cyclic financial conditions. The content in this article serves to create critical analysis and comparisons essential in understanding the context of economic union in Europe and the need to foster closure of economic union.

Bilal S, ‘Is The EU A Model Of Regional Integration? Risks And Challenges’ (Ec.europa.eu, 2007) 

Bilal 2007 delves into the context of internal markets that are inclined to foster innovation, integration, and superb competition. The article’s objective is to explore the issue surrounding market programs based on economic, monetary, and political aspects. The author seeks to surface essential information that happened in the 1970s and extended to the 1980s. The internal market program is supposed to create a profound perspective meant to restore the contextualized confidence for Europe as well as the process of improving performance to match with other regional blocks such as China and OECD countries. Additionally, there is a crucial improvement in the European countries spurred by a competitive environment. Still, regulation and rules tend to constrain the context of economic mobility of resources as well as other productive activities. The article is essential in elucidating the various approaches applied by EU countries to remain competitive in the global arena and the comparison with OECD countries and the adopted economic methods used.

Nilsson S, ‘Obstacles To The European Single Market Findings Of The Single Market Observatory (SMO)’ (Eesc.europa.eu, 2012) 

As EESC president, Nilsson 2012 article explores the various obstacles that limit the expansion of Europe single market. The context of physical barriers is well explained in the aspect that the border control measures in the EU on various goods are supposed to be abolished as well as strict custom controls. The need for random checks by border police in the war against human trafficking and drug is still rampant, and the situation has created barriers to the growth of favorable markets within the EU. The condition that permits the re-establishment of more strict obstacles is deemed to curtail the free movement of goods and people. It will subsequently lead to the reintroduction of border controls in areas that it had to be eradicated. The author argues that the issues are a fragrant breach of contextualized principles and are bound to create difficulties, especially in establishing a Single Market. The article also demonstrated other aspects such as technical barriers based on the adopted principles in line with mutual recognition of rules. In this context, any EU product that is legally sold or manufactured in a member country is supposed to be permitted in other markets. The article will be a credible source of information that will exemplify the context of issues that are facing the Single Market in the EU. Another issue that is well captured by the article is the context of tax barriers and tariffs within the EU.

Torres Jarrín M and others, ‘Global Policy Perspective Report Digital Economy: Potential Cooperation Area Between The Czech Republic And Pacific Alliance’ (Oecd.org, 2019) 

The context regional trade integration is an essential project inclined to ensure social inclusion and strengthening of trade, as argued by Torres and other authors 2019.  The integration of regional trade is also supposed to promote better living standards, and this was the reason Pacific Alliance was launched by several countries such as Chile, Peru, and Mexico. The authors explain that the countries resolved to adopt measures as stipulated by the members of the PA to enhance market economic integration to intensify the implementation of the trade instance that will benefit all the members in the bloc. Some of the initiatives adopted by the members were supposed to create significant advances towards the liberalization of regional trade. The process incorporated creating a common trade platform for their stock markets as well as goods and to jointly ensure diplomatic as well as the undertaking of trade in Asia. The various approaches adopted by the Pacific Alliance were supposed to benefit the members and maintain a competitive edge at the global market that could match the EU. Additionally, the article explores the digital economy’s adoption by the Pacific alliance that happened in 2016. Moreover, the article articulates the role of OECD and how it has impacted the growth of Pacific trade bloc. The report is a credible source of information that will provide various comparable approaches between the EU and the Pacific Alliance.

Daniels C, ‘The Pacific Alliance And Its Effect On Latin America: Must A Continental Divide Be The Cost Of A Pacific Alliance Success?’ (Pacificallianceblog.com, 2015) 

For more than two decades, the source of various integrational projects has been Latin America. Daniel 2015 explains that some of the formulated projects by Latin America have surged to incorporate the regional trade-economic context. Examples of such projects are CELAC and ALADI, among others. The formulation of the integration projects has led to the creation of regional markets aligned to the geographical closeness. The article explores the context of the Pacific Alliance in the aspect that it was formed with an inclination of the proponent of geographic proximity and not because the countries shared similar economic vision or political views. The article takes the initiative to exemplify the contextual model of integration adopted by the Pacific Alliance that is theoretically explained. The author explores the context of regional integration and the process taken by the countries in this bloc to define the various concepts of inter-regionalism, regionalism, and regionalization. The article is essential to the source of information in this research since it will elucidate the theories of the interconnection of processes as used in regional integration and the concept of concrete action and objectives of the Pacific Alliance in comparison with the EU.