Advantages And Disadvantages To Join The Eu

One of the major benefits of membership in the EU is its strong economy. All members of the EU shares a common market making trade within the EU cheaper and more affordable. According to the CIA World Factbook, The EU has the highest GDP in the world in 2014 with 18.4T

The negotiations between Turkey and the European Union to join the European Union began already in October 2005. There are many arguments for allowing Turkey join the EU, but there are at least as many arguments against it. Should Turkey be allowed to join the EU (Rosenberg, Turkey in the European Union, 2008)?

The European Union (EU) is a unique economic and political partnership between 28 different countries. It consists of about half a billion citizens, and its combined economy represents about 20 percent of the world’s total economy (Briney, 2015). Today The European Union works as a single market, with free movement of people, goods and services from one country to another. There is a standard system of laws to be followed, and since 1999 many countries share a single currency called the Euro (Europa.eu, 2015). This essay will explore the background history of the European Union and the benefits and drawbacks of the European Union.

Since 1950 European Union (EU) was created it has promoted peace, prosperity and values among the member nations and its neighbouring countries. EU’s influential tools, has helped transform many European states into functioning democracies and prosperous countries. EU’s membership has grown from 6 to 28 countries (Enlargement, 2014), satisfying a historic vow to integrate the continent bringing in most states of Central and Eastern Europe (CEE) by peaceful ideals.EU has anticipated the enlargement as an extraordinary opportunity to endorse political strength and economic success in Europe. EU’s extension policy is open to any European state that fulfils the EU’s political and financial criteria for membership; still the political process of inclusion of new state requires a unanimous agreement from all the existing 28 member states. Europe is considered to be more flourishing and safer place due to the promotion of democracy, anti-corruption policy and the single market policy.

The EU was created in the midst of a war in attempts to unite Europe under a common government. After 43 years of rebuilding foreign affairs, have their attempts made a positive impact on the modern Europe? Many argue that the EU takes a toll on country's sovereignty. They lack in allowing countries to be apart of the union, without masking the unique culture and diversity of that country. Despite the advantages of being apart of the EU, the disadvantages highly outweigh them in the areas of economic, independence and cultural identity.

The European Union was initially set up as a means to terminate the conflict that occurred within Europe throughout the 20th century, culminating with the end of The Second World War (WWII) and The Cold War that followed. The EU ultimately aimed to bring the member countries together in order to form an ‘ever closer union’ between the countries of Europe, thus preventing a future battle. The Union started as the European Economic Community (EEC), which was established in 1957, and over the years endured numerous adjustments to form the politico-economic union that we know of today.

In its historical context discuss why and how the EU was set up and the advantages and disadvantages of membership.

Europe has been quite successful in integrating its economies because of the various geopolitical and economic activities. The first and foremost reason is that these countries are small and the economy of the one country can be integrated with the economy of the other country. Their integration has been made possible because the aspiration and believe of the different countries are very much similar. Moreover, their cultural and economic history is moreover same. European Union as it has been called now has been the most developed model of the regional integration though challenged by economic crisis now a days.

The establishment of the EU was in the works starting from 1945, the end of the Second World War. The United Kingdom started the process of joining the EU in 1969, finally joining the community on January 1st 1973 along with Denmark and Ireland. The official establishment of the European Union as we know it today was on November 1st, 1993 in Maastricht, Netherlands. When England joined the EU, the European Parliament increased its influence in affairs so that all citizens could elect the members of parliament directly. Currently there are 28 members of the European Union, but with the recent developments of brexit, it seems as though the UK might make it so there are only 27 members of the EU. Not only was the European Union established to get rid of war, but with it’s establishment also came a new currency that many members of the EU began to use. From its establishment also came the Banking Union, which ensures safer and more reliable banking to prevent economic crisis like the one that occurred in 2010. As hoped for, the EU also hugely improved international trade and made the EU the top trading partner for 80 countries and the world’s largest manufacturers for goods and services. Free international trade is also the basis for the establishment

When considering joining the European Union, countries think about how they will benefit and one way they can benefit, is through the economy. First of all, there is a common currency, the euro. This makes moving from country to country easier, as well as giving nations in the European Union a feeling of unity. Europeans can move freely within Europe and do not have to worry about exchanging currency. Having the euro is also beneficial because it eliminates trade barriers, by having the same currency, it will be easier to trade. There will be no need for conversions when trading throughout the European Union. Also, the free trade area is beneficial

In addition, membership of EU Allowed Britain to have a direct say in drawing up trading rules. As a member state, Britain also benefits from trade deals between the EU and the rest of the world. The EU is currently negotiating with the US to create the world’s biggest free trade area. This could have been highly beneficial to British businesses. However, Britain now risks losing that negotiating power by leaving the EU. But, Britain would be free to establish its own independent trade agreements.

The economic advantages that participating member states enjoy over non-participating members are low inflation (due to its stability), more price transparency (consumers can compare prices more easily), less currency exchange costs, a more powerful global voice, protection from external economic shocks (ex. an unexpected rise in oil prices), easier travelling within the European Union, and more international trade (the low currency value increases the competitiveness of these countries' exports and this currency has a higher total stability).

A major benefit that is offered to the member countries of the EU is that they are free to trade with other members at no extra tax policy. This is exclusively a main reason for Turkey wants to be a member of the EU nation as over half its ships and imports goes to Europe.

The EU has become more economically integrated by becoming a common market. This removes barriers to production, like capital and labor.

Starting with the strengths of the core arguments of David Marsh’s book, there is the fact that EU state member’s economies have different environments and don't make progress at the same rate. Culture, education, and politics are influential factors. Being members of the EU means not only to enjoy the benefits but also to share the effort of bailing out economically weaker countries. This