What Are The Advantages And Disadvantages Of The European Union

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The European Union is the economic and political union, which consists of 28 democratic European countries: Austria, Belgium, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom. It is based on the principles of freedom, democracy, respect of the rights and general freedom of people, as well as on the principles of the constitutional state, which are shared within the country-members. This union is considered the most developed intergovernmental organization regarding to its power, effectiveness, and capacity to influence. Although, all those members…show more content…
Regional integration represents the highest form of the internalization in the global development of the production and exchange and serves as the alternative of the global integration as well as its element. The European union secures the country-members from the
- Integration brought to the French economy lots of advantages as well as the disadvantages. In conditions of the single European market drawbacks of the “French model” appeared precisely, which make it less compatible between the other European countries.
- The important feature of the economy of the countries of the European Union is the close relationship, which was the step forward for the European Single Act (1st January, 1993). This Act gave the opportunity for the free movement of the people, goods, services and capitals. As a result, the international trade increased within the European Union. So, just on the members of the European Union accounts 61,3 % of the French export and 58,6 % of its import. The trade with the European countries in conditions of the free market, undoubtedly, stimulates the French corporations to increase the quality of the
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