In Summary
The new European Union remains potentially an economic powerhouse. But, its potential is not being realized, and attempts to interleave political union with economic union are getting in the way. The EU’s nation-states face major challenges in a world of globalized economies.
Background
Over a year ago, we reported the 1 May expansion of the European Union with the overnight admission of 10 new members, for a new total of 25. We also predicted the impact of the enlarged EU in a number of dimensions – consumption, production, and logistics. Our observations were reported in the December 2004 issue of CLM Logistics Comment. We’ve followed events closely since then, with the aim of updating our commentary.
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Art Van Bodegraven is a Partner in The Progress Group, and the former six-time Chairman of TPG’s international affiliate, The Supply Chain Group. He may be reached at (614) 336 0346, (614) 893 9414 (mobile), or avan@theprogressgroup.com.
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