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harmonization English
Meaning harmonization meaning
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harmonization
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Second, where they do consider harmonization, they could favor the less stringent of the original standards, unless there is credible evidence that it would not support the relevant regulatory objective.
Possible subjects for that commission's agenda include: financial, fiscal and customs harmonization; transport infrastructure; natural resources and regional development.
PRAGUE - One pillar of the European Union's single market is harmonization.
More unification and harmonization does not necessarily lead to effective - or even reasonable - solutions to the EU's troubles.
The post-crisis harmonization fervor in this area means that it will now be more costly everywhere in the EU to insure against currency volatility or unexpected changes in interest.
But such harmonization is neither necessary nor justified in every EU country.
Customers will have to change their payment orders and habits just because harmonization has become an end in itself for many in the EU.
Dubious harmonization and unification is in the pipeline in another area as well: macroeconomic performance.
There are many areas of economic life in the EU where harmonization does help.
The EU needs common defense procurement and harmonization to acquire the helicopters, transport aircraft, battlefield communications equipment, and surveillance drones that are necessary for twenty-first-century operations.
As a result, lacking a more comprehensive policy response, the harmonization of their central banks' divergent policies will be left to the markets - in particular, those for fixed-income assets and currencies.
For example, American, European, Japanese, and other drug regulators have developed guidelines, through the International Conference on Harmonization, that take advantage of their collective expertise.
To be sure, countervailing political forces will press for harmonization of Europe's social-welfare systems.
Unfortunately, harmonization would probably apply to wage replacement payments, implying uniform minimum wage constraints for EU countries.
Forced harmonization is dead, which opens the door to making new voluntary forms of social harmony possible.
The agreement is contained in the so-called Paris Agenda, which defines principles of ownership, alignment, and harmonization.
There is reason to hope that some of the EU's member states will embark on this venture in fighting crime and terrorism, defense matters, or in financial and budgetary harmonization.
Europe's monetary unification of the 1990's was supposed to be accompanied by fiscal convergence and harmonization.
But discussions in the G-20, World Trade Organization, and other multilateral fora proceed as if the right remedy were more of the same - more rules, more harmonization, and more discipline on national policies.
Nowadays southern African countries are committed to reinforcing their regional integration through economic harmonization.
A form of monetary harmonization in southern Africa already exists between South Africa and Lesotho, Namibia, and Swaziland, whose currencies are traded at par with the South African Rand.
And, given the deep disparities in nuclear power's importance for European economies, consensus on regulatory harmonization is hard to reach.
Perhaps less conspicuous, the EU's decision to adopt International Financial Reporting Standards in 2000-2002 triggered an extraordinary move toward the global harmonization of accounting rules.