%0 Journal Article %J Institute for Western Affairs' Bulletin %D 2012 %T Single European Market as an anti-crisis factor in the economic growth of the European Union %A Łukasz Wróblewski %K economic crisis %K European integration %K internal market %K problems of the European Single Market %K Single European Market %K Single Market Act %X

The economic crisis of 2008 revealed that many EU member states struggled with the problem of the lack of economic balance resulting from low macroeconomic stability, incompetent and unreasonable fiscal policy and too close relations between real economy and financial market. Moreover, an analysis of the previous functioning of the European Single Market (ESM) shows that its problems stem from the lack of adjustment to the current socio-economic reality. At the same time, these problems coincided with the 20th anniversary of its creation and the exposure of the most serious problems of the European economy by the financial and fiscal crisis. Taking action aimed at strengthening the internal market will not only help counteract the effects of the crisis, but also increase the competitiveness of the European economy. The European Union should realize that it is no longer the most competitive economy in the world.

%B Institute for Western Affairs' Bulletin %V 93 %G eng %0 Journal Article %J Faculty of International Business and Economics Working Papers %D 2012 %T The strengthening of the Single European Market in the crisis circumstance %A Łukasz Wróblewski %A Musiałkowska, Ida %A Sapała, Magdalena %K competitiveness %K economic crisis %K EU budget %K EU institutions %K EU Multiannual Financial Perspective 2007-2013 %K Europe2020 strategy %K European integration %K European Union %K internal market %K international economics %K Multiannual Financial Framework 2014-2020 %K Single Market Act %B Faculty of International Business and Economics Working Papers %V 2 %P 1-38 %G eng %U http://www.ue.poznan.pl/att/DZIEK_GM/working_papers/Working_Paper_No2_2012.pdf %0 Journal Article %J Poznań University of Economics Review %D 2012 %T The strengthening of the Single European Market vs. the crisis %A Musiałkowska, Ida %A Sapała, Magdalena %A Łukasz Wróblewski %K competitiveness %K economic crisis %K EU budget %K EU institutions %K EU Multiannual Financial Perspective 2007-2013 %K Europe2020 strategy %K European integration %K European Union %K internal market %K international economics %K Multiannual Financial Framework 2014-2020 %K Single Market Act %X

The economic crisis that erupted in 2008 has significantly influenced the European Union (EU) economy and the questions about the future of the European integration process arose. The crisis effects forced the European Union institutions and its Member States to undertake significant decisions and to draw recovery plans. Apart from the initiatives aimed at the economic policy coordination and financial markets supervision, the EU proposed and introduced important initiatives for the strengthening of competitiveness of the internal market. In November 2008 the European Commission in the communication on the recovery plan proposed the ways to support the real economy and competitiveness, to boost demand and restore confidence in the European economy. Then, in the course of 2008-2011 years, a broad range of legislative and non-legislative decisions have been taken by the European Commission and European Parliament in order to minimize the crisis consequences for the internal market, including the Single Market Act and the new European strategy Europe 2020. Moreover, additional amount of money coming from the EU budget was designed for spending on i.e. energy safety, development of broad-band internet in the rural areas or enterprise help within the Cohesion Policy, and the European Investment Bank designed 15 bn euro for credits and loans for the SMEs.

%B Poznań University of Economics Review %V 2 %P 74-106 %G eng %U http://www.puereview.ue.poznan.pl/2012v12n2/4_Musialkowska_Sapala_Wroblewski.pdf