Between 1986 and 1992, the European Union, a union which currently consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, and the United Kingdom, became an internal market without any boundaries and barriers. Many individuals, including Martin Wolf, define a globalized region as “a world where the costs of transport and communications were zero and the barriers created by differing national jurisdictions had vanished.” The European Union is a …showed first 75 words of 1503 total…

…showed last 75 words of 1503 total…aspect, the diversity that Europe is known for, and the racism and prejudice problems it must face. Also, globalization has brought up a need for change in the labor markets, including the migration of labor, a need for a new family working model, and regulation of the labor market. These are challenges that must be addressed, and with strategic planning they must all be faced with success in order for the European Union to succeed.