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European union. this presentation is on european union between team members and i get challenges and prespectives of the trade area in the context of prevailing global crises, shifting global trade and international alliances - Essay Example

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Nations that experience increased labour costs are unable to regain competitiveness through depreciation. The uncompetitive prices have sparked lower domestic demand and increased current account deficits. Nations…
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European union. this presentation is on european union between team members and i get challenges and prespectives of the trade area in the context of prevailing global crises, shifting global trade and international alliances
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"European union. this presentation is on european union between team members and i get challenges and prespectives of the trade area in the context of prevailing global crises, shifting global trade and international alliances"

Download file to see previous pages s a result, the original population pyramid is being inverted since the population structure is gaining weight towards citizens aged 50 years and above. The overall result is the increase in demand for benefits and reduction in tax revenue.
Improved railway, roads, and other means of transport connect the European Union member states together (Bliss, 2002, p. 142). They have made it easier for movement of people, goods and services across the Union. As such, there is potential for more growth.
The increased ability to make secure transfers of goods at averaged prices strengthened the economy and led to stability in financial strengths. The unification of countries allowed them to gain a collective body that agrees on issues that affect the economy. The union also allowed poor regions to get financial assistance from the more economically stable areas.
The free movement of products and services across the European Union enables a country to exchange the excess of its goods and services for those which it does not have from another country. Thus, the goods are readily available, cutting down the prices.
The European Union requires member states to adhere to the environmental standards and the use of the natural resources (Bliss, 2002, p. 123). The Union has helped in solving water, land and air pollution mainly. The Union also supports member states to deal with other global issues that would otherwise be difficult to explain if a state were operating alone, for example, war against terrorism.
The European Union continues to formulate and implement new statutes that encourage the enlargement of the integration (Bliss, 2002, p. 142). As a result, a member state may be unable to exercise some of its independent powers in the existing new rules in the political and economic scenario of European Union.
A large portion of European Union’s expenditure goes to irrelevant policies such as the Common Agricultural Policy. Many years have seen minimum prices being ...Download file to see next pagesRead More
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