StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Development within the European Union of the Second World Countries - Assignment Example

Cite this document
Summary
This paper defines and identifies Second World countries within the European Union and focus the discussion on the process of the development these countries went through…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.5% of users find it useful
Development within the European Union of the Second World Countries
Read Text Preview

Extract of sample "Development within the European Union of the Second World Countries"

Download file to see previous pages

Thus, in the course of discussion on the development process of these countries, it is inevitable to tackle the history of transition of these countries from a system of planned economy to their membership to the European Union and their subsequent integration to the global free market. A brief presentation on the situation of the Second World countries during the late 1990s was presented in this paper; however, the whole discussion gives its main focus in the past ten years of the new millennium.

Introduction The European Union has become one of the most influential economic and political organizations in the world since the Second World War. Starting from a membership of six countries in 1958, European Union has now a membership of twenty seven countries and still expanding. European Union was established based on the framework of Europe-wide single market that would promote peace, stability and prosperity. Economic cooperation is at the core of the guiding principles of EU country-members basis of unity.

EU stands for borderless economy within Europe and strives to make Europe an accessible place to live and work for all the Europeans. It is still a glaring reality; however, that unequal development still exists within the European Union. For the last five to ten years, changes within the boundaries associated with the European regions have caused altered changes in the economy of European Union. Despite of the thrust to create a single Europe, member-countries of the European Union sill differs from each in other in terms of economy, politics and social well-being of the people in the society.

Specifically in terms of economy, the differences between the second world countries within the union have created a gap in the past decade. The economic activities of the second world countries in the region have been directly affected by their membership in the European Union either positively or negatively. How do the second world countries progress as members of the European Union? Is this helpful for them as a whole? Basically, this paper will delve on these matters. This paper will examine the economic growth of the second world countries within the European Union for the last five to ten years.

This paper also tries to establish that in as much as the Second World countries need the integration within the framework of the European Union, Europe would also benefit from the accession. In the past years, Europe has been insulated in productivity, especially in terms of labor. An American worker generates 27 percent more output per dollar compared to the European workers. Employers in France and Belgium are entitled at least twenty six paid national holidays in addition to their vacations.

A German worker being is paid with 14.5 months of work per year but actually works for 9.5 months (Tupy, 2003). Also, the European GDP per capita today is less that two thirds compared to that of the United States, whereas they were roughly equal before. The glaring reality of Europe’s economy – slow growth, generous social provisions, high unemployment rate, and high taxes on European’s citizens – raises questions on the correctness of the European economic model would be able to help the Second World countries in their thrust for prosperity (Tupy, 2003).

Thus, this paper will also discuss how the status of the economy of the second world countries affects the stature of European Union as a whole. Second

...Download file to see next pages Read More
Tags
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Development within the European Union of the Second World Countries Assignment”, n.d.)
Retrieved from https://studentshare.org/family-consumer-science/1422858-the-development-of-second-world-countries-in-the
(Development Within the European Union of the Second World Countries Assignment)
https://studentshare.org/family-consumer-science/1422858-the-development-of-second-world-countries-in-the.
“Development Within the European Union of the Second World Countries Assignment”, n.d. https://studentshare.org/family-consumer-science/1422858-the-development-of-second-world-countries-in-the.
  • Cited: 0 times

CHECK THESE SAMPLES OF Development within the European Union of the Second World Countries

An Overview of European Union

The author of this essay aims to define the structure, goals, and objectives of the european union.... hellip; the european union (EU) is a union of twenty-seven independent states based on the European Communities and it was founded on November 1993 with the objective of enhancing the political, economic, and social co-operation among the states.... The EU member countries and their respective year of membership are as follows: Austria (since 1995-01-01) (european union Region), Belgium (EUR), Bulgaria (since 2007-01-01), Cyprus (Greek part) (since 2004-05-01) (EUR: 2008-01-01), Czech Republic (since 2004-05-01), Denmark (EUR), Estonia (since 2004-05-01), Finland (since 1995-01-01) (EUR) , France (EUR), Germany (EUR), Greece (EUR), Hungary (since 2004-05-01), Ireland (EUR), Italy (EUR), Latvia (since 2004-05-01), Lithuania (since 2004-05-01), Luxembourg (EUR), Malta (since 2004-05-01) (EUR: 2008-01-01), the Netherlands (EUR), Poland (since 2004-05-01),Portugal (EUR), Romania (since 2007-01-01),Slovakia (since 2004-05-01) (EUR: 2009-01-01), Slovenia (since 2004-05-01) (EUR) , Spain (EUR), Sweden (since 1995-01-01) and the United Kingdom of Great Britain and Northern Ireland....
7 Pages (1750 words) Essay

Marketing Models of European Union

the european union (EU) is an economic and political union of 27 member states which was developed a single market through a standardized system of laws which apply in all member states, guaranteeing the freedom of movement of people, goods, services and capital" (Wikimedia Foundation, Inc.... This necessary preparation for all EU members is what differentiates the european union from other regional economic group.... Starting from the European Climate Change Program, "the european union has come up with realistic climate change strategies advocating practical action to prevent temperatures from increasing to...
6 Pages (1500 words) Essay

Developments In The European Union

the european union is a political and economic union of twenty-seven member states.... The paper "Developments In the european union" discusses the concept of bringing different nations under one umbrella and to collect the over all contributions from all the member states to realize a bigger result.... The Common Agricultural Policy (CAP) is one the oldest policies of the european Community and was one of its core aims (Stead & Whaples 2007)....
14 Pages (3500 words) Essay

The Development of Telecommunications Policy in the European Union

European Commission considered that the provision of basic household services, including telecommunications is the key to ensuring… In June 2001, a communication on the new framework for cooperation on activities related to the european Unions information and telecommunications policy was formed. the european Commission was invited by communication Member States to join in This comes before the european Parliament espouses a comprehensive communications strategy in 2002....
10 Pages (2500 words) Essay

Free Trade within the EU and WTO

One of such trade groupings is the european union (EU).... The United States, the european union, and the "globalization" of World Trade: Allies or Adversaries?... european union With globalization process and the economic liberalization, it has become paramount for countries to engage each other in trade partnership and international exchanges programs.... The extent to which environmental standards should be considered in free trade is an ongoing debate within the EU and WTO....
2 Pages (500 words) Essay

The European Unions Regional Policy

This paper "the european union's Regional Policy" focuses on the fact that created following World War II, the EU, formerly known as the European Economic Community, is a multinational organization which stretches across the European peninsula and reportedly generates 30% of the world's total GDP.... nbsp; … As an economic powerhouse with increasing diplomatic influence and in the large community, the european union represents European integration in a variety of realms....
10 Pages (2500 words) Case Study

The Expansion of European Integrative Processes

the european union has also fostered peace, security,… The European integration is the process where of economic, legal, industrial and political integration among the European states.... To begin with is the economic integration which forms the most important function of the european union.... the european union operates a solitary economic marketplace and is characterized by the use of one single currency (the euro) among its constituent member states....
7 Pages (1750 words) Essay

Composition and Governance of the European Union

After the second world War, the proponents of EU formation saw the need for the establishment of the Union so as to create a unified Europe that would amicably solve their difference diplomatically.... It is clear from the discussion "Composition and Governance of the european union" that the term European Union refers to a conglomerate of nations in the European Continent joined together by treaties.... hellip; Currently, the european union is home to 27 member states with its headquarters primarily in Europe....
8 Pages (2000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us