• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Should a country join the EU?

Extracts from this document...

Introduction

Should a country join the EU? Executive Summary The topics of European Union integration and the EURO are often discussed on TV and in the newspapers. People try to use different perspectives to analyse the advantages and disadvantages of joining the European Union. However, discussions tends to be biased, either pro European integration or eurosceptic. Both arguments for and against the European Union integration has been suggested to provide a fair, well balanced analysis. The main point from the result of my analysis suggests that European Union membership will be favourable for the economy, but it would be foolish to argue that it is bound to lead to a further reduction of unemployment or an increase in economic growth. Therefore the jury for the European Union integration is still out. Introduction This report will examine the background to the European Union, evaluate the benefits & costs, and examine the economic problem that European Union is likely to face in its future evolution, namely enlargement of the European Union to see whether a country should join the European Union, studying the situation via a neutral perspective. ...read more.

Middle

In addition, we should aware the fact that firms can take advantage of economies of scale when they start to trade in one large market. From a macroeconomic perspective, joining the EU may cause inflation to fall as member countries tries hard to meet the convergence criteria, therefore promote economic growth. Besides the economic analysis, the political agenda should not be ignored, as EU integration is the first leap to a single European state, i.e. a central bank, a common legislation, etc. The process of enlargement has continued over the past years and has dominated the talks at several summits. In Reeve's opinion "The economic effects of enlargement will undoubtedly be beneficial in the longer run. With careful analysis of economists from different countries, the enlargement policy which will be launched in 2004, is believed to have a better, stronger Europe, which can improve the EU's competitiveness in world trade with the World Trade Organisation (WTO) The costs of joining the EU Although there are a lot of potential benefits of EU integration, there are also costs which will arise in joining the EU. ...read more.

Conclusion

However, my research made me realize that the benefits of joining the EU seem to outweigh the costs from both an economic and political way of looking at the situation. Particularly with the fact that EU will become the world's largest economic community, after the enlargement policy is to be introduced in 2004. Therefore, I think that a country should join the EU as long as their economic structure is suitable. Evidence Besides evaluating my research, I have also found evidence to support my decision. Estonia for example, is one of the 13 candidate countries waiting to join the EU, as they believe it will boost the economy and increase inflow of foreign investments, along with Hungary, they expect a surplus of GDP from EU integration after joining the EU. Another country Sweden was first been offered the opportunity to join the EU in 1996, however, the people vetoed. Today, after seeing the success of EU, they decided to join, as this will lower unemployment and put the finances into good shape. University of California did a study on Sweden's economy and believes that EU will boost its trade with other EU countries as well as increase total output by 1/10 in the long run. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level European Union section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level European Union essays

  1. A clear explanation of key underpinning economic theories relevant to the EU.

    This is the result of The Treaty of Rome. *Some UK businesses may be liable to hostile take-overs by larger European businesses intent on dominating the new European market. *Boots has to consider the marketing of its products carefully as it operates in the single market and their are many

  2. Explain the main conditions which candidate countries have to meet in order to join ...

    Political Criteria The political criteria outlined in the Copenhagen agreement are as follows Democracy: Functional democratic governance requires that all citizens of the country should be able to participate, on an equal basis, in the political decision making at every single governing level, from local municipalities up to the highest, national, level.

  1. Austria - An economic and political overview.

    This would prevent them from taking advantage of any economies of scale and could ultimately move them to economic isolation. Austria was proclaimed politically neutral after WWII, which prevented them to join the EC at an early stage. As an alternative Austria had joined the European Free Trade Association (EFTA)

  2. Czech Republic: What potential benefits and losses are there for this country if it ...

    I argue that having secured relative military security through NATO, the Czech Republic is now seeking to gain economically from joining the EU. My point is supported by a study undertaken by Baldwin, Francois and Portes who stated that joining the EU will 'make the entire region less risky from the point of view of domestic and foreign investors'5.

  1. Back ground information about the EU

    This makes them work more effectively and productitivety increases. Businesses have access to larger markets which encourage them to expand and gain increased benefits from economies of scale. This makes them more competitive with businesses in non-member countries.

  2. E-Business Report: Suicide Girls

    In a recent interview, Bill Asher, President of Vivid Entertainment Group, outlined that the Internet's greatest strength in achieving industry growth is as a distribution system. "Ten years ago there was virtually no adult content on television...it wasn't widely distributed, compared to now.

  1. E.U. Enlargement

    A Joint Parliamentary Committee (JPC), consisting of members of the EP and of the Chamber of Representatives of Cyprus, was set up in 1991. It meets twice a year. Cyprus also benefits from regional and horizontal measures under the MEDA Program.

  2. The Euro

    * Andorra * Kosovo * Montenegro To participate, countries must meet the requirements that were set up in the Maastricht Treaty, drafted in 1991. Countries that meet the criteria but did not wish to participate include Great Britain, Denmark and Sweden.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work