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

The European Union: Regional Policy

Extracts from this document...

Introduction

The European Union: Regional Policy The UK acquires several benefits to the EU's regional policy as it will help to reduce regional disparities within. This includes output per capita, rate of unemployment and the participation rate in certain regions. It is also considered a benefit to some in the UK as it distributes income more evenly and reduces inequalities. The money generated also helps to foster development and can have advantageous effects on the state of the environment along with a lower rate of inflation in the wealthier regions and the better use of unemployed resources. This is achieved through the support given by the EU by means of structural funds including regional development funding, European social fund, European agricultural guidance and guarantee fund to the regions with the greatest need. These proposals have been reduced to three objectives. Objective 1 status is given to the poorest regions to promote development and to support the modernisation of their economic structures. ...read more.

Middle

Should the EU budget not increase then the introduction of these countries would still draw money away from the UK as they would contribute to bringing down the regional gross domestic product average of which the economic status of a region is determined. This could mean that poorest regions in the UK may not be eligible for objective 1 or even objective 2 status. The influence of the Visegrad countries will lead to the formation of a larger regional economic association. More consumers mean a better allocation of resources, take advantage of economies of scale and improve EU's competitiveness in world trade. The result is that there will be a better, stronger Europe. Nevertheless, there are some problems which associated with the enlargement policy. Firms may be attracted by the low labour and capital cost provided by Eastern Europe countries and therefore causes unemployment level in Western European to increase. ...read more.

Conclusion

Negotiations for an agreed solution between all these countries will be difficult, and the UK will now only become one voice in twenty five. Each country will have different priorities in terms of the economy, different economic infrastructure, position and situation. Appropriate decisions are necessary to adjust and improve each country's own situation and is therefore hard to make all the members agree on a single policy that can satisfy all the member countries. Further investigations can be carried out through researching the different institutions responsible for the organization and enlargement of EU such as the Council of the EU, European Commission, European Central Bank, European Parliament, etc. This will allow a deeper insight into how the EU organizes and faces the existing problems. Investigating each member country's EU department would allow different perspectives to be viewed on how they may deal with the arising situations. Surveys, research of arguments and opinions are necessary to analyse whether EU growth will be favourable for the economy. Careful considerations are required as it will affect the whole UK and its economy. ...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.

    *Galician *Spanish, spoken in Spain *Catalan Gallo-Romance includes, *French, spoken in France *Occitan, spoken in Luxembourg *Franco Provencal, spoken in France and Netherlands. Italo- Romance includes, *Standard Italian, spoken in Italy *Dialects of Italian, spoken in Italy and surrounding area *Corsica *Sardinian, spoken in Italy Rhaeto- Romance includes, *Swiss Romance

  2. Transformation of the U.S. Hegemony in Europe through NATO after the Cold War

    These efforts mainly have been the borders and elements of the U.S. redefinition of European Security for the last few years. 3. Conclusion The end of Cold War brought deeper questions into the surface such as the place of the U.S. in new Europe, together with the former Soviet bloc.

  1. What does citizenship mean in the European context?

    vests the power, by majority, to create binding norms, to shape the socio-economic direction of the polity, in fact, all those powers and capacities which, I believe, the Union now has. The institutions and mechanisms of democracy are the repository of primary citizenship rights The first big question which citizenship

  2. EU actorness in relation to Environment policy and Development policy: An evaluation.

    This togetherness adds weight to the union's actorness. Not every member state acts at the same level in every policy area for example almost all the member states work at the same level to implement trade policy whereas with regards to security policy the union is completely state-centric with each member state controlling its own security policy.

  1. Critically discuss how global economic trend may impact upon the future policies of the ...

    In leisure aspect, EU citizens can travel easier than before, since no visa is required. The travel barriers within member states have weakened, thus encouraging the domestic travel in EU basis. Furthermore, those wealthier western citizens may travel more often to the Eastern nations, starting up businesses over there, buying second home and assisting Eastern States to achieve economic growth.

  2. Common Agricultural Policy

    In recent years the biggest beneficiary of these subsidies has been France. The new accession countries 2004 have large farm sectors and would have overtaken France as chief beneficiary. This would have placed an unsupportable strain on the budget and led to French concessions on reform of the CAP.

  1. C1 Analyse the factor, which contribute towards an effective team.

    Who will take this responsibility? We talked about what prizes are going to be involved in giving for the raffle ticket. Most of the members enjoyed the business, as there wasn't any communication however they enjoyed doing the work. * Increasing communication Our business had lack of communication.

  2. Regulation 2560/2001 on cross-border payments in Europe.

    In figure 2, the working of EURO1 is illustrated. EURO1 determines, based on a set of rules, the maximum amount that can be transferred between two banks. Then the system checks whether the execution of the payment order would lead to a too large credit or debit position. If not, EURO1 updates the accounts of both banks and the transaction is a fact.

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