Impact of Emergence of Global Competitors on EU Essay

Impact of maturation of Global Competitors on EU - Essay ExampleThe atomic number 63an Union needs to restructure its frugal policy in order to have an interest driven approach. The Chinese are willing to puddle with the emerging economies unlike atomic number 63 which is keen on majorly working with United States of America. Europe suffers from internal divisions, handsome the Chinese a better competitive chance. The poor coordination between the member states of EU benefits capital of Red China directly. The euro govern does not depend on the European central bank when it comes to the bonds issue. Rather, it is dependent on various governments. The lift of emerging economies like mainland China and India has an implication to the competitiveness of the EU. The union must have internally ample structures and engage the rising economies in a meaningful way in order to remain relevant.regional competitiveness is defined as the ability of a locality to generate sustainable envir onment and prepossessing conditions to local residents and firms. Europe was perceived as a source of inspiration by the traditional Chinese revolutionaries. The post revolutionary generation has been looking to United States for the same. The economic interaction between China and Europe has been expanding from 2004. In 2011, the European foreign investment in China arrive ated 17 billion. This was an all time high. The European exports to the Chinese economy are increasingly overtaking imports. In 2009 and 2011, the Chinese investments in Europe tripled to reach 7 billion. The growth was experienced in multiple sectors of the European Union economy. The debt crisis has caused the Chinese to turn to European bonds for investment. This paper discusses the emergence of global competitors and threat to the economic competitiveness of EU. The development of the china-EU relationship The symmetrical grapple structure There is a lack of a comprehensive reorientation in the way China approaches Europe. This attitude began after the fall of communism (Alon 2009). There is a lack of specific knowledge among the microscopic countries in the EU. This instrument that some countries do not appreciate their role in the EU and EU-Sino relationships (Crossick & Reuter 2007). The spineless or non-existent structures in the EU-China relationships have caused Germany and China to enjoy more trade compared to other European countries. Beijing has found it difficult to develop foreign policy towards Europe (Luo 2010). This is because of the parochial misapprehension and a bilateral trade structure that has suffered to from extreme weaknesses in the previous decades. Research shows a lack of mutual acquaintance between China and Europe (Crossick & Reuter 2007). The European products are increasingly gaining access to China. China continues to view Europe as a zone for instability. The member states must assent to any agreements between Europe and China. This means that ove r 20 countries can influence such decisions through committees. This structure has made the bilateral ties dilatory to implement. The individual states of European Union come together under the policies on international affairs, human rights and rest (Wiessala et al 2009). London has been specifically vocal. A third of the budget of the European Union is spent try to help China achieve the world trade organization standards (Wiessala et