ECON 1 Lecture 24:
Document Summary
Its values: article 2 teu: respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights. The internal market has an instrumental function it is one way to achieve eu aim. Internal market ensures goods independence, economic growth, four freedoms and it contributes to peace, the well-being of eu citizens and the eu values. The internal market: definition: article 26 (2) tfeu. The internal market shall comprise an area without internal frontiers in which the free movement of goods, persons, services and capital is ensured in accordance with the provisions of the treaties. ". : freedoms are not unconditional; treaty provisions need to be respected: article 3 (3) teu describes how the internal market should function. Stages of economic integration: free trade area. Efta countries with the eu: customs union. This limits competition between ms since they all apply the same cet: common market. = cu + free movement of persons, services, and capitals.
