Written by Lauro Panella.
Although European integration is a key driver of growth, peace, environmental protection and social prosperity, persistent challenges remain and potential crises can be anticipated. Looking forward, a number of possible pathways are open to Europe. The European Parliament favours the path of ambitious, collective EU action, where significant potential gains can be realised, not only for today, but also for various possible future scenarios.
This study seeks to support the European Parliament in defining the political agenda and stimulating debate on a sustainable path forward. It investigates the potential benefits that could be achieved in 50 policy areas, taking into account the state of EU legislation and its untapped potential, and applies quantitative analysis tailored to each policy area. If the EU does not pursue the path of ambitious, collective action, the benefits identified might not materialise fully, leading to a ‘cost of non-Europe’.
The study finds that further EU integration could generate over €2.8 trillion per year by 2032 and help to achieve the EU’s objectives in the areas of social rights, fundamental rights and the environment. Gains from further EU integration would not replace or undermine those from actions taken at national, regional or local level, but rather complement and reinforce them.
A brief summary of quantitative and qualitative impacts follows for each policy area. Quantitative impacts represent annual GDP growth. Qualitative impacts include social and environmental impacts, impacts on fundamental rights and other impacts. Rather than providing an exhaustive summary per policy action and its economic impact, this section highlights key findings from a broader perspective and provides a full range of impacts.
Read the complete study on ‘Increasing European added value in an age of global challenges – Mapping the cost of non-Europe‘ in the Think Tank pages of the European Parliament.