What Are the Obstacles to the Further Deepening and Broadening

question 32

Essay

What are the obstacles to the further deepening and broadening of the European Union? How are those forces likely to evolve in the near future?

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Definitions:

Innovation Theory

A concept in economics that attributes economic growth and development primarily to the introduction of new technologies and improvements in processes or products.

Under Consumption

A situation where consumers are spending less than what is needed to drive economic growth due to various factors like low income or high savings.

Sunspot Theory

A theory in economics that suggests that economic cycles might be driven by psychological factors or extrinsic shocks, rather than fundamentals alone.

Psychological

Pertaining to the mind or mental processes, often emphasizing the influence on behavior, perception, and emotion.