The social dimension of the EU economy is a fact, not something that needs to be created. The nature of the single market is social; many of the benefits it creates are par excellence part of the social dimension.Improving Europe’s competitiveness and stimulating greater growth are just two essential conditions needed to further develop the social dimension of the EU. A strong economy resolves the problem of high unemployment much faster than new funds or administrative measures could.
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The EU enjoys the status of a global trade powerhouse. It is thereby uniquely positioned to shape the development of a rules-based global trading system and influence its external growth.