Identify and explain key difference between Europenization and Term Paper

Identify and explain key difference between Europenization and Globalization - Term Paper Example According to neo-liberal approach (Ladi 2007; Held 1999), Europeanization converts principles of Western liberal democracy, European identity and cooperation with regional organizations. The paper contains research and comparative analysis of two above phenomena in such spheres as regionalization, governance institutions, public sector reforms and Eastern European enlargement. Discovering differences of two above phenomena, it is necessary to define them as independent integral processes. For instance, Held and Iankova (Held 1999; Iankova 2007) claim that globalization weakens state structure and promotes overall policy change. Deregulation policy in mass media or any other economic sphere occurs parallel to political liberalization. On the one hand, it could become a source of efficient innovative modes of governance and statehood weakening. In this case, globalization is â€Å"a process in progress, where a large number of governmental and non-governmental agents plays an important role within the system of global governance.† (Ladi 2007, p. 4) It promotes regional integration and modification of governmental institutions in the EU. There is a widespread standpoint that Europeanization is a subsystem of globalization (Einhorn and Logue 2004). For example, economic globalization predetermines flourishing of economic models of the EU member-states. It results into deregulation, simplified taxation, goods transportation and broadening of national labor markets in Scandinavian countries. The authors analyze mechanisms of globalization within domestic environment. As Scandinavian countries have a mixed economic model with limited state ownership (Einhorn et al. 2004), governmental intervention into economic life of local communities has decreased. â€Å"Even public sector debt to GDP ratios and fiscal policy are explicitly impacted by