| Abstract |
Global economy is characterized by decline phase requiring unconditional recovery and therefore it is necessary to reassess its future tendency. This change necessitates common responsibility not just in business environment, but in the society as the whole, respectively. Local, national, regional and global governance plays remarkable role in this process. Holistic approach in identifying limited gaps and dealing with them could be the first step of recovery. Environmental protection, social cohesion and economic growth are of equal importance in achieving sustainable development. Economic development, prosperity, stability, freedom, peace and security issues were fundamental matters when establishing European Union, as the most developed model of regional integration up-to-date. It has promoted these efforts via different policies, projects and activities within its boundaries and outside, as well. It would be insufficient to perceive recent crisis just in financial or business terms, because it has affected global environment including different aspects of life. The European Council agreed five overarching priorities - stronger economies with more jobs; societies enabled to empower and protect; a secure energy and climate future; a trusted area of fundamental freedoms; effective joint action in the world - as The Strategic agenda for the Union in times of change SAUTC which will guide the work of the European Union over the next five years. The aim of this article is to identify the limited gaps in the European environment and to present alternative ways of action. |