To what extent are labour and capital really mobile within the EU Essay

To what extent are labour and capital really mobile within the EU - Essay Example hick (2005, 4) European Union would be rather considered as a ‘treaty-based, institutional framework that defines and manages political and economic cooperation among its 25 member states (Austria, Belgium, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom)’. On the other hand, it has been found that all member states tend to be influenced by specific social and financial phenomena like the following ones: ‘market globalization, the European single market, and European supranational institutions’ (Verdier, 2001, 227). The reference to the above phenomena is made by Verdier (2001) because these phenomena are mostly related with the following sectors of European Union: ‘labour market, capital market, electoral competition, and centre-local government relations’ (Ve rdier, 2001, 227). In accordance with the above the freedoms provided to the citizens of the member states can be limited under the influence of specific factors that can be related not only with the public sector but also with the private one (as it is represented by the multinational firms that participate in the development of globalization internationally). With a reference especially to the movement of persons and capital across the EU, it is stated by Malone (1999, 54) that ‘right from the outset, two of the fundamental objectives of the European Union (as it is called today) have been to facilitate the free movement of labour and the free movement of capital across member states’. On the other hand, the study of Donaghey et al. (2006) refers especially to the movement of persons (especially of workers) within the European Union. More specifically, it is noticed by the above researchers that ‘citizens of the EU have the right to work in another Member State and the right to reside there for that