Advantages and Disadvantages of Eu Membership

1329 WordsDec 6, 20126 Pages
INTRODUCTION 21st Century is a period of time when the globalization process has reached its apogee. All over the world exists thousands diverse international political and economic organizations and unions. According to Garret (2000, pp. 941-991) the most important cause of globalization is related to the international market integration. The major impact on this process has had the appearance of the European Union by Maastricht Treaty in 1993. Peace, prosperity, stability, economic and social progress towards nations and individuals were the main objectives of the EU creation (BBC, 2002; Europa, n.d a). After twenty years of cooperation different disputes about the benefits and disadvantages of the EU membership for a nation came up.…show more content…
Europa (n.d. d) describing the single market and related policies stated that all borders between Member countries disappeared allowing the freely movement for goods, people and capital in order to stimulate industrial and economical extending within a large area. Grabtree (2007) researching the EU operation has found that the introduced unique currency called Euro has an advantageous impact on companies function and on economy in general. He stated that transfers became easier, costs more transparent and prices on goods became averaged in the whole union. Such strengthening of the economy brought stability and bright future. Moreover, because all economies became unified, countries gained the ability as a common body to overcome financial crises and agree on issues that mainly affect the economy. The Europa (n.d. e) also made a suggestion that such strengthening of economy made possible the financial help for poor regions that require the raising of life standard. Because of this reasons it is beneficial to a country to join the union. Another beneficial cause for a nation to become the member of EU is the ability of multinational union to fight against global issues. Nowadays world society meets thousands of different global problems that need to be overcome and there are no countries that are able to deal with these issues by themselves. The official site of the European Union - Europa (n.d f) affirms that EU has some of the highest environmental standards as
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