EDITORIAL

European Union: Deal or No Deal

Organisation sometimes has to deal with certain situation that needs fresh adjustment more than ever. In this situation principles of organisation containing the basic value of national interest, vision and mission would be helpful to review as guidance for change if there is any to be concerned.  To begin with consideration for change, generally economy is as primary reason to preserve. As economy is the backbone of the nation and welfare where the nation to build for, the reference of leaders to economic regime have paramount role in determining organisation ahead.

   

Economic development through international trade as instrument to create welfare originally was proposed by Adam Smith in 1776 in his book An Inquiry into the Nature and Causes of the Wealth of Nations.  Adam Smith was born in United Kingdom and it was almost certain that his concept soon gaining popularity at the time trade began to grow across boarder. After all, trade among nations was purely to meet economic reason and the migration was not an issue or created issue.

Today regional economic development needs cooperation. Europe is the region consists of countries respectively have their own characteristic and legacy. With 28 members of state working on singular system in economy and politic, it was not an easy job to accomplish.  The different history and characteristic of member state stand out as stepping stone in an effort to pass common policy moving smoothly, as if 'deal or no deal' negotiation. In reality after unification, trade among member countries essentially has increased and European Union has prominent role in international stage. Having had such significant development achievement, the legacy of Adams Smith welfare state thesis and the effectiveness of being united to the world stage should not be put aside for roadmapping the future of the Union.