The contribution of the EU budget 2021-27 to European
Economic and Political Integration
Based on the overall size of GDP, the European
Union’s economy is second, with the US first and China third. Also, the EU is
the second largest exporter of products after China, the second largest
importer of products after the US, and the leading importer and exporter of
services, while at the same time the EU is the largest FDI investor in the
world (2018).
EU-15 had developed a strong enlargement policy
(2004 +10, 2007 +2, 2013 + 1, 2025 + 2, 2030 + 2), is addressing the needs of
third countries from 2003 onwards through the ENP neighborhood, while donating
more than 50% of global humanitarian resources mainly through the UN.
The outcome of these policies was the positive
extension of the principles of Europe, i.e. democratization and human rights in
international relations, soft power in democratic terms (without the use of
military means) etc.
The main weaknesses of the EU are its
demographic aging, its energy dependency and its colonial heritage.