Premium Essay

Policy Paper: European Standarization Policy

In: Business and Management

Submitted By kboyadzhieva
Words 1572
Pages 7
POLICY PAPER: EUROPEAN STANDARIZATION POLICY

Kristiana Elvis Boyadzhieva
20118703
Kristiana.boyadzhieva@gmail.com
MBA 546: European Union
Matthias C. Suthe
Policy Paper
1, February 2014

Each student will select one aspect of EU policy and discuss how it affects different industries, companies, and countries. The paper will involve both providing a general summary of the policy area as well as advising on specific policy changes that might be undertaken and/or are currently under discussion in that area. The paper should present and reflect on the positions of the EU, Member States, Corporate interests, and Citizen Interests.

There is probably no area in Europe, which is not be heavily affected by the EU standardization policy. Whether on the European, national, corporate or citizen level – the omnipresence and importance of the EU standardization policy is undisputed and is comparable maybe just with the influence of the EURO.
Therefore it is not suprising that EU nations, as well as industries and companies are trying to take an influence on the standardization process, to assure and strengthen their competitiveness and future. European standardization is certainly not only of European significance, but also plays an extremely important role in the global competitive position of the EU and Europe.
In the next paragraphs we will provide an overview about the main principles of the European Standadization policy, its goals and benefits, the institutions involved as well as about its long-/mid-term strategy. Afterwards we will speak about the national, corporate and citizen interests in the standardization policy.
General summary of European Standardization policy
Description
Standardization is a process in which all relevant parties (industries, SMEs, customers, non-governmental organizations, public authorities, trade unions) develop a framework…...

Similar Documents

Premium Essay

Policy Paper

...------------------------------------------------- Policy Paper, spring 2012 ------------------------------------------------- Is a Greek exit from the European Union inevitable? 0909512 Table of Contents Pg. List of Illustrations 3 Executive Summary 4 1.0 Introduction 5 2.0 The Economic Cost and Benefit for State Membership of the EMU 5 2.1 Benefits of EMU Membership & Mechanisms 5 2.2 Costs of EMU Membership 7 3.0 Contextual Factors: The Profusion of Dept 10 3.1 The Eurozone Crisis 10 3.3 Greece- The Forefront of the Euro Area Crisis 13 4.0 Alternate Policies and the Effective Consequences 15 4.1 Predicament 15 4.2 Abetting Dependent on Austerity 16 4.3 Creditor-Led Default 17 4.4 Debtor-led Default and Greek Haircuts 19 4.5 Greek Exit 20 5.0 Recommendation 21 Appendices: Appendix 1: Preferential liberalization References List of Illustrations Pg. Illustration 1: The cost of EMU- Diminishing Domestic Flexibility to Asymmetric Macro Shocks 7 Illustration 2: Cost and benefit of Monetary Unions 9 Illustration 3: Evolution of Nominal Unit Labor Costs in the Eurozone Pre to the US Credit Crunch 9 Illustration 4: Current Account Balances in Percentage GDP 10 Illustration 5: Core Bank Exposure to the Weaker Eurozone Member States 12 Illustration 5: Holders of Greek Government Bonds and Dept......

Words: 6430 - Pages: 26

Free Essay

European Sovereign Policy Solutions

...European sovereign-debt crisis Policy reactions [edit]EU emergency measures [edit]European Financial Stability Facility (EFSF) Main article: European Financial Stability Facility On 9 May 2010, the 27 EU member states agreed to create the European Financial Stability Facility, a legal instrument[222] aiming at preserving financial stability in Europe by providing financial assistance to eurozone states in difficulty. The EFSF can issue bonds or other debt instruments on the market with the support of the German Debt Management Office to raise the funds needed to provide loans to eurozone countries in financial troubles, recapitalize banks or buy sovereign debt.[223] Emissions of bonds are backed by guarantees given by the euro area member states in proportion to their share in the paid-up capital of the European Central Bank. The €440 billion lending capacity of the facility is jointly and severally guaranteed by the eurozone countries' governments and may be combined with loans up to €60 billion from the European Financial Stabilisation Mechanism (reliant on funds raised by the European Commission using the EU budget as collateral) and up to €250 billion from the International Monetary Fund (IMF) to obtain a financial safety net up to €750 billion.[224] The EFSF issued €5 billion of five-year bonds in its inaugural benchmark issue 25 January 2011, attracting an order book of €44.5 billion. This amount is a record for any sovereign bond in Europe, and €24.5 billion...

Words: 3540 - Pages: 15

Premium Essay

European Union Issues and Policies

...European Union: Issues and Policies Name: Course Name: Course Instructor: Date of Submission: Executive Summary The current policies of the European Union continues to play an important role in the development of member states both in the political, economical, social, and agricultural sectors of the economy. Many succession countries are trying their lack in the otherwise difficult procedures of becoming member to the union. The union continues to offer adverse marketing fields for its members as trade free zone create and increase coverage and economic growth. The aftermath of the war that shuttered continents has led to succession countries joining the union out of free will. Succession countries by far benefit from the European union membership as the membership comes with a lot of advantages that influence economic growth for the member country. Contents Introduction 4 Succession Countries on Joining the European Monetary Union 4 CAP Reforms 8 The arguments in favor of the enlargement of the European Union 10 The Arguments against the Enlargement of the Union 11 Global Competitors 13 China and the Option to Leave the Eurozone 14 Conclusion 16 References 17 European Union: Issues and Policies Introduction The European Union is a group of 27 states primarily located in Europe with a de-facto capital in Brussels and operates using a supranational independent institutions and decisions negotiated intergovernmental by the member states.......

Words: 3948 - Pages: 16

Premium Essay

Policy Paper

...May 3, 2013 Mark Emmert, NCAA President P.O. Box 6222 Indianapolis, IN 46206 RE: Policy on Social Media use by Student Athletes Dear Mr. Emmert, The object of this letter is to provide you with a much needed policy on the education of proper use of social media by student athletes. It is very important that student athletes understand the effects that improper social media use can have on, not only themselves, but the college they represent, that way they can understand the importance behind this suggested policy. I’m sure you are aware of the increasing usage of social media by society, including student athletes. I hope you will take my policy into consideration helping to educate all student athletes on smart usage of social media. I would like to start off with defining social media as: “Web-based services that allow individuals to (1) construct a public or semi-public profile within a bounded system, (2) articulate a list of other users with whom they share a connection, and (3) view and traverse their list of connections and those made by others within the system.” (Boyd and Ellison) Over the past decade social media has created a boom of excitement throughout the cyber world. With the creation of Facebook, Twitter, and many more social networks, society has become increasingly dependent on social media. Social media is used in a variety of ways. For some it is used as a means of conducting business, rather it be used for advertisements and......

Words: 2019 - Pages: 9

Free Essay

European Policy

...European policy responses Until September 2008, European policy measures were limited to a small number of countries (Spain and Italy). In both countries, the measures were dedicated to households (tax rebates) reform of the taxation system to support specific sectors such as housing. The European Commission proposed a €200 billion stimulus plan to be implemented at the European level by the countries. At the beginning of 2009, the UK and Spain completed their initial plans, while Germany announced a new plan. On September 29, 2008 the Belgian, Luxembourg and Dutch authorities partially nationalized Fortis. The German government bailed out Hypo Real Estate. On 8 October 2008 the British Government announced a bank rescue package of around £500 billion[74] ($850 billion at the time). The plan comprises three parts. The first £200 billion would be made in regards to the banks in liquidity stack. The second part will consist of the state government increasing the capital market within the banks. Along with this, £50 billion will be made available if the banks needed it, finally the government will write away any eligible lending between the British banks with a limit to £250 billion. In early December German Finance Minister Peer Steinbrück indicated that he does not believe in a "Great Rescue Plan" and indicated reluctance to spend more money addressing the crisis.[75] In March 2009, The European Union Presidency confirms that the EU is strongly resisting the US pressure......

Words: 1226 - Pages: 5

Premium Essay

Policy Paper

...EXAMINING THEORY PAPER INDIVIDUAL ASSIGNMENT Neil Holmes CJA/314 Criminology 06/05/14 Chris DeRicco In this paper, I hope to explain the reasons why people commit crimes and the many theories in the field of criminology. Social process theory is one such assumption and argues that criminal behavior is learned through interactions with others. There are four types of social process theories including: social learning theory, social control theory, social labeling theory, and dramaturgical perspective. This paper will analyze two of the theories and will discuss social process theory and the history of its development, also the theory’s importance to criminology, examples of the theory and any negatives or positives associated with the theory. Social learning theory is the process that occurs through observing the consequences of others and by determining if such behavior is worth replicating (Wallace, n.d.). To put in a nut shell, basically this theory advises that humans learn by watching other commit crimes. This theory was developed in the 1930s by theorists Edwin Sutherland, Robert Burgess, Ronald L.......

Words: 1139 - Pages: 5

Premium Essay

Mario Draghi Policy Paper

...The ECB’s monetary policy in the crisis * In 1763, Amsterdam was the centre of a deep financial crisis. Highly leveraged investors were faced with a situation of falling asset prices. The liquidity crisis became severe and Amsterdam bank houses went bankrupt. * Similarly liquidity was an issue in the modern day financial crisis. Money markets seized up and several market participants found themselves unable to roll-over funding positions. * Finally, at the beginning of 2010 the latest turn: several euro area countries’ debt and deficit levels were found to be unsustainable. * Differently from the crisis in 1763, the determined actions of central banks prevented deleveraging, fire sales and ultimately deflation. * The ECB, and indeed all major central banks, reduced its policy rates to unprecedented lows and implemented various measures to restore monetary policy transmission to support credit flows to the real economy. * Liquidity support gives banks unlimited access to central bank money at a fixed price against adequate collateral for banks to liquefy their assets at times of stress by expanding the set of eligible assets used as collateral. * Also extending the maturity of lending so that the longest maturity of our long-term refinancing operations (LTROs) has been raised from the standard 3 months before the crisis to 6 months after. * The Outright Monetary Transactions (OMTs), eliminate the pricing of un-warranted tail risks in the......

Words: 1535 - Pages: 7

Premium Essay

Fiscal and Monetary Policy in European Market

...| Fiscal and Monetary policy of European Union | Macroeconomics Essay | | Fiscal and Monetary policy of European Union The decision to form an Economic and Monetary Union was taken by the European Council in the Dutch city of Maastricht in December 1991, and was later enshrined in the Treaty on European Union (the Maastricht Treaty). Economic and Monetary Union takes the EU one step further in its process of economic integration, which started in 1957 when it was founded. Economic integration brings the benefits of greater size, internal efficiency and robustness to the EU economy as a whole and to the economies of the individual Member States. This, in turn, offers opportunities for economic stability, higher growth and more employment – outcomes of direct benefit to EU citizens. In practical terms, EMU means: * Coordination of economic policy-making between Member States * Coordination of fiscal policies, notably through limits on government debt and deficit * An independent monetary policy run by the European Central Bank (ECB) * The single currency and the euro area The launch of the euro saw the creation of a two-tier Europe, but systemic defects led subsequently to the current crisis of the Eurozone, resulting in a much more complex and problematic set of core-periphery relations between north and south. The preeminent role of Germany in the north is pointing to the lack of democratic legitimacy in the whole construction. The idea of......

Words: 595 - Pages: 3

Free Essay

European Monetary Policy

...piliers. Pilier 1 :« With the measures that have been put in place, monetary policy has responded to the outlook for low inflation(…)in line with our aim of achieving inflation rates below, but close to, 2%. As they work their way through to the economy, our monetary policy measures will together contribute to a return of inflation rates to levels closer to our aim. Pilier 2: “Let me now explain our assessment in greater detail, starting with the economic analysis(…)The risks surrounding the economic outlook for the euro area continue to be on the downside. In particular, the weakening in the euro area’s growth momentum, alongside heightened geopolitical risks, could dampen confidence and, in particular, private investment. In addition, insufficient progress in structural reforms in euro area countries constitutes a key downward risk to the economic outlook.” Pilier 1 et 2 : “To sum up, a cross-check of the outcome of the economic analysis with the signals coming from the monetary analysis confirms the recent decisions taken by the Governing Council to provide further monetary policy accommodation and to support lending to the real economy. Monetary policy is focused on maintaining price stability over the medium term and its accommodative stance contributes to supporting economic activity. However, in order to strengthen investment activity, boost job creation and raise productivity growth, other policy areas need to contribute decisively. Bulletin mensuel de......

Words: 1099 - Pages: 5

Premium Essay

Policy Paper

...Policy Paper Public policy is the principled guide to action taken by the administrative executive branches of the state with regard to a class of issues in a manner consistent with law and institutional customs. The foundation of public policy is composed of national constitutional laws and regulations. Further substrates include both judicial interpretations and regulations which are generally authorized by legislation. Strong public policy should solve problems efficiently and effectively, serve justice, support governmental institutions and policies, and encourage active citizenship. Some of the major issues that are trying to be addressed in today’s public policy concerns are the Tax policies empowering community solutions through the non-profit organizations. Budget and spending is a concern and addressing the communities’ needs. The Economy by strengthening communities through hob creations and economic development, Public-Private collaborations for the public good, Promoting civic engagement, and Public accountability and ensuring public trust. Knowing the importance of education in today’s society I would have to say that the K-12 Federal Policy Issue of No child left behind act is very important. Who are the stakeholders and affected constituencies? A stakeholder is any person who will be directly affected by the outcome of a decision-making process. It is a term that is commonly used when talking about public policy decision-making or dispute resolution,...

Words: 1705 - Pages: 7

Premium Essay

European Defense Policy

... © 2009 Institute of International and European Affairs. All rights reserved. This Publication may be reproduced in full or in part if accompanied with the following citation: Keatinge, Patrick & Tonra, Ben, European Security and Defence Policy and the Lisbon Treaty, Institute of International and European Affairs, Dublin, Ireland, July 2009. As an independent forum, the Institute does not express opinions of its own. The views expressed in its publications are solely the responsibility of the authors. ISBN: 978-1-907079-04-7 EAN: 9781907079047 About the authors Patrick Keatinge is Emeritus Associate Professor of Political Science at Trinity College Dublin and Chairperson of the IIEA working group on ESDP. Ben Tonra is Jean Monnet Professor of European Foreign, Security and Defence Policy at the UCD College of Human Sciences and Project Leader of the IIEA working group on ESDP. Cover photograph © Aidan Crawley, Defence Forces, May 2008 Graphic design, type and layout by Brian Martin European Security and Defence Policy and The Lisbon Treaty © Institute of International and European Affairs 2009 Foreword This briefing paper is another brilliant contribution to the Institute’s background work on issues arising out of the Lisbon Treaty by Professors Ben Tonra and Patrick Keatinge. It describes the reality of European Security and Defence Policy (ESDP), as it has developed over the past six years and explains each of the relevant provisions in the Lisbon Treaty. It......

Words: 13605 - Pages: 55

Premium Essay

Policy Paper

...furniture which later became an integral concept of IKEA. In 1957, IKEA started to exhibit and sell its products at home furnishing fairs in Sweden. In 1958, an expanded facility at the Almhut location became the first IKEA store. In early 1960, Polish-made goods were to be found on more than half of the IKEA catalog. In 1965, IKEA opened its first store in Stockholm, Sweden‘s capital. By 1973, IKEA became the largest furniture retailer in Scandinavia with nine stores. By the late 1980’s, IKEA met with considerable success, particularly in West Germany, where it had 15 stores. In 1985, IKEA opened its first United States store in Philadelphia. By the early 1990’s, the company found that things are not going well in America. Its European-style offerings did not always resonate with American consumers. To handle this situation, IKEA reemphasized design and started promoting the brand with a series of quirky hip advertisement aimed at younger demographic. In 2001, IKEA’s revenues doubled in a four-year period to $1.27 billion. By 2008, the United States was IKEA’s second largest market after Germany, with 35 stores accounting for 10%of its total revenue. In 2012, expansion plans called for 50-plus stores in the United States III. Central Problem IV. SWOT Analysis A. Strength 1. Powerful Brand Image For the past decades, IKEA have established a good reputation on his brand name and on hos products and services. 2. Wide range of Products and Style The......

Words: 1083 - Pages: 5

Free Essay

European Fiscal Policy

...European Fiscal Policy: Coordination of fiscal policy in Eurozone Wibowo Suhaidi (1235036) Tilburg University Course: Financial Economics Professor: S.C.W. Eijffinger October 2011 ABSTRACT The Stability and Growth pack has been discussed extensively in determining whether it is sufficient to undermine fiscal policy coordination in the Eurozone. Even before the recent sovereign debt crisis hitting the Eurozone the SGP has been in much of critics and the current situation calls for deeper analysis on the SGP and whether more coordinated fiscal policy in Eurozone is necessary in strengthening fiscal policy framework. This paper analyzes the implementation of fiscal policy in Eurozone with the SGP as the guideline and found out that despite effectively maintain the budgetary balances of Eurozone countries, the SGP failed to deliver overall fiscal stability. Therefore, a more coordinated form of fiscal policy is required in order to achieve the goal of fiscal stability in Eurozone.   1     I. Introduction The formation of European Monetary Union and the adoption of Euro as the single currency have the consequence that member countries are losing their monetary policy independence at the national scope. Therefore, one possible solution is to use fiscal policy in order to mitigate the asymmetric shocks, as fiscal policy is still on the hand of the national government of each member countries. However, from the Monetary Union point of view it is not desirable......

Words: 1754 - Pages: 8

Free Essay

Policy Paper

...Policy Paper: Family Benefits I. Introduction The policies that will be explored are policies that are aimed at family issues that affect men and women. These policies have a explicit goal of affecting the constraints on family decisions. This policy will include who will work and how much, whether to form or dissolve a family, and how many children to have. The policy will cover family leave, both paid and unpaid, no-fault divorce form, subsidizing or employer-provided childcare or health care, regulation of the minimum wage law, and welfare programs. (Jacobson) The question to be explored with this policy is should both men and women have a more family wok environment that would include paid and unpaid family leave and either a child care program at work or be subsidized for daycare? Another question is what should the regulations to increase the minimum wage law? The last question is how to regulate welfare programs and government run programs to subsidize income? This will take you through today’s regulations for these policies and past regulations for the policies and regulations stated. II. Analysis of the Problem Many low-income workers lack connections to receive information about work support, the employer has the potential to become the means by which eligible individuals gain information about benefits available to them. Many low-income workers will stay at work because they have to pay the bills. There is assistance for daycare that they may not......

Words: 1044 - Pages: 5

Premium Essay

Policy Paper

...Policy Paper The representative I chose is Barack Obama and his view on federal spending as a means of promoting economic growth. As the 44th president of the United States, he has a major influence on the National issues and polices. I personally feel that spending money as a way to gain more is potentially the best way for economic growth as long as you know what you are doing, and with the people and resources Obama has I feel he can make it work. Obama also agrees with my reasoning as he also agrees that federal spending is important for promoting economic growth. In the United States we are currently in the process of trying to recover from a recession, so the government is careful in its spending, but the question remains how the government should spend their money and on what. During this time most people are naturally against government spending due to the fact they feel the government should save its money, but wheat most people don’t realize is that a lot of times spending money in the right places can actually simulate money growth. As president Obama understands that in order to get us out of this economic slump he must use some of our money to help the economy grow. As a voter, I voted for president Obama because of his view on the issues and his ideas for change. For the most part Obama’s ideas and records match with my beliefs and I can definitely agree with them. The specific bill is worded exactly how is sounds where the government spends money on......

Words: 448 - Pages: 2