This research is being carried out to provide sufficient economic arguments in support of further enlargement in the European Union. Steps are then outlined to help enforce a positive understanding towards the economic benefits of expansion…
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The paper tells that the enlargement of the EU is one of the most debated topics presented to relevant councils. When the European Union was first formed in 1952 there were only six member countries. Today, there are 27 member countries in the European Union, and this number is scheduled to be increased in 2013. The European Union has been inducting newer countries into its council on an irregular basis since 1952, after subjecting applicant countries through a long process requiring pre-accession treaties, assessment conditions and a set of criteria – the Copenhagen criteria – that must be met before membership is granted. The process can take a number of years and after the induction of Bulgaria and Romania in 2007, Croatia is set to become a member of the EU in June 2013. Other countries like Turkey, Iceland, and the Western Balkans are in accession negotiations to follow suit. Membership generally offers great benefits to member countries, particularly those struggling to make the move from being developing nations to being developed ones. The European Union provides an economic and political support that smaller countries, or at least countries with smaller economies, can use to enhance their global standing, both within and outside Europe. But what is the impact that this expansion has, whether on the currently existing members of the European Union, the European Union as a whole, or even, in fact, Europe in general? Surely there must be certain economic and political impact such a membership must have, and economic advantage is generally gained at the expense of another party’s disadvantage. While that may be true, and in fact is to a certain point, it is not quite as limited as that. The results of many surveys, reports, and inquests have shown that the general perception among Europe’s public seems to be that membership offers great benefits to newer members while offering little to no benefit to older members. This perception might not be in the majority – with statistics varying from country to country – there is no doubt that it is a sizable portion of the public, any country or sample considered. Evidence supporting this matter is given further in the report, built generally upon information provided by the British Parliament in 2006. As negative as general perception might be, however, expansion has always shown to result in positive economic and political impact. This is true of any series of expansion, but this report will particularly center its focus on countries inducted in 2004, as they have had sufficient time to determine the effect of membership on their economy, as well as the impact of their membership on the European Union members in general. In fact, not only are the arguments brought forth against expansion generally baseless, with little evidence to support their claim, inverse evidence shows that economic arguments supporting the expansion of the European Union are largely misunderstood, or otherwise overlooked.
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“Economic Arguments for Further Enlargement of the EU Essay”, n.d. https://studentshare.org/management/1404421-there-are.
The EU is built with a series of treaties made with its different member states. Historically, the EU was formed to promote peace and economic prosperity especially in Europe after the occurrence of World War II. Since the beginning of the 1950s, the integration of Europe has significantly augmented to entail conducting various financial activities like developing a single market in which goods, capital and people moves freely, a common trade policy, an ordinary agriculture policy, environmental policy and common currency (Euro) which is being used by 17 member states (Archick, 2013).
The alternative debates embrace a number of new aspects of integration within the EU which entails a number of insights. These include a different analysis from that of "new monetarism" (see Arestis and Sawyer, 1998), new objectives for economic policy to include employment and growth, and new institutions to reduce various kinds of disparities across the EU.
When EU in the 1990s also took into its fold the Northern European countries - Austria, Finland and Sweden - it was even better. The economies of these three countries were in such great shape that their EU membership influenced an increase in the union's per capita income.
Marain (2003:2) during policy analysis of EU enlargement found that the countries becoming the member states are entitled to have numerous benefits which includes removal of barriers from trade, investment and movement of labor, exchange of technological ideas, improvement in competition with foreign markets, corporate accountability, improved CEEC's as a destination of foreign investment, cheaper consumer goods, etc.1 But it had some drawbacks as well.
Secondly structural constraints associated with enlargement have forced the member countries to adopt more flexible ways of adjustment. The rapid expansion of the EU in the recent years after the collapse of the former Soviet bloc has created a series of problems.
According to the report the background to enlargement is explained in the first section. The reasons for supporting this policy position are explained in the next section. The recommendations for the future course of action for the EC are given in the last section. The European Union started as a six nation economic community in 1958.
The policy also helps in the organization of various payments to farmers who in their own way have managed to bring about the variation of various products. The common agricultural policy can also be described as an agreement
Copenhagen Criteria as well as the treaty Maastricht outlines the criterion for accession which also depends on the political evaluation by the institutions of EU. Currently, five countries are considered candidates for EU
The European Union has been expanding constantly since the early 1970s with each round of enlargement being unique and dynamic politically and economically. The European Union easily welcomes any European state that is deemed to be democratic, has a market economy, and has an administrative capacity to handle obligations and rights of theirs membership.
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