The EU was established under its current name in 1993, but more than 40 years before that, six European countries formed the European Coal and Steel Community, then six years on, the group changed its name to the European Economic Community. The United Kingdom joined the EEC in 1973. Today, the EU is a political and economic union with 28 member states. A central component of the EU is the European central market, which works for the free movement of goods, services, capital and labour across member states. This film examines the impact that the EU has on business, including the free movement of labor, the social chapter and single currency. There are street interviews, and three experts offer a range of commentary on various aspects of the EU in this learning resource, which is essential viewing for any student of Business, Economics and allied disciplines. Disclaimer: As of 2016, the United Kingdom has since left the European Union.

Originally released by Video Education America (VEA), 2013. Streaming video file encoded with permission for digital streaming by Infobase on January 19, 2017.

Increased Competition (2:45); --The Economy: Recession and the 2009 Global Credit Crunch (4:53); -- Fiscal Policy (3:38); -- Monetary Policy (4:42); -- Technology (1:22); -- International Trade (7:18); -- The European Union (4:07); -- PESTLE Analysis (4:54); -- Credits: European Union (0:43); .