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Benefits and disadvantages of European expansion

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  • Essay length: 874 words
  • Submitted: 09/02/2010
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International Baccalaureate Geography

The first 200 words of this essay...

Audrey Plessas 1S5

Geography Essay

The benefits brought about by the European Union outweigh the disadvantages. Discuss.

In 1957, the European Union was created in order to construct a more united Europe, strengthening its war-affected members. The Union brought to its countries not only economic boosting, but also social and political benefits. However, disadvantages to this unification have also been discovered since. Nowadays, being in the EU is both a boon and a drawback in all three departments. Therefore, is it still advantageous for a country to be a member of the European Union?

Primarily, the European union has caused the economy of its members to considerably increase. This effect was mostly due to the creation of a single market, engendering more competition amongst companies and lower prices. Free trade in the Schengen area for example allowed companies making business in other member countries to reduce the cost of exporting across Europe as custom taxes were suppressed. The single currency also favored trade by suppressing currency exchange taxes and reducing monetary instability. Thus, by standardizing national regulations, the single market makes it easier to do business in the EU and contributes

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