Innovation and its impact on economic development in EU countries: A comparative analysis

The idea of creating the European Union came as a need for economic cooperation between European states. The first countries that made this idea a reality were countries with a more developed and stable economy, such as Italy, Luxembourg, etc. The goal was to create a space of economic cooperation, where the states in agreement between them, avoid obstacles and difficulties. The occasional enlargement of the EU required that the new member states have similar rules for economic development, the legal system and then other policies, which transformed this reality into today's profile. Economic cooperation culminated in the establishment of the common European currency.