European Union and Member Countries Essay example

Submitted By babaiaga128
Words: 2080
Pages: 9
Open Document
Examine the Extent to which the Benefits of UK Membership in the European Union Outweigh the Costs

DEMURI BAGDAVADZE

UFP ECNOMICS

20.04.15

Introduction European Union compromises of twenty eight members states mainly from the Europe continent. It was formed after world war (II) with its main intention to help the nations escape the nationalisms which was consuming their growth of the economy .The major nations which dominates the union include United Kingdom which is under the leadership of the Queen Elizabeth( II) other members include; Germany ,France ,Italy ,Russia ,Norway ,Belgium, Poland ,Slovakia Malta to mention a few. European Union intended to apply single market economy with uniform levies charged on its member states. This paper will discuss the benefit of EU to its members giving special concern to the UK and will highlight the challenges that were encountered by the member for their commitment to the union.
Benefits that the UK Achieved Directly as a Member of the EU United Kingdom was made up of several states which are now countries of their own. These countries included Wales, Scotland and England. They later separated and became Independent autonomous states. There were a lot of benefits which incurred during this period from European Union to United Kingdom in term of economic gain. There was Common Agricultural Policy which had inflated prices of agricultural produce in United Kingdom .The farmers were having poor income from the agricultural products. The price of the commodities were poorly sold as there was importation of those goods from other neighbouring countries such as Spain and France, hence the prices of the product from local markets was not being considered since there were variations in prices of commodities and custom duties. Due to standardization of market price of goods and services became stable and benefited the people who were participating in the market as price indignations came to a halt (Bootle 2014).
Economic gain due to low pricing level Low Prices for essential commodities in the UK was experienced as a result of the increased competition for the consumer market. This was facilitated by the existence of free trade that brought in many players in the economic atmosphere of the UK. Consumers therefore benefited from the principles of the free trade area with the UK as the largest and most expansive market targeted by many traders. The completion body which was headed by Joaquin Almunia, an influential and powerful leader in the commerce and transport sector foreshow the threats which were being impose in commercial pose .In 2001 and 2003 the union fined a US firm known as Microsoft over 700 million pound .This was due to its illegal penetration into the market as it was not a member of the union. This showered the union’s commitment to its laws that demanded for keeping at bay any illegal non-member from participating in the trade (Labrosse et al. 2011).
Benefits that the Union Members Accrued
Non Tariffs Trade The introduction of free trade area in the European continent enabled efficient importation and exportation of goods and services among the member countries. This was possible through membership recognition at the ports of the various member countries. Uniform levies were charged on the commodities that were imported from the member states. This enabled the members to plan adequately for the market .They thus made normal profits due to adequate information that was prevailing in the market.
Specialisation in Production The member countries in the European continent had a chance to specialise in producing the commodities that they had advantage of producing. The commodities included motor vehicles, mainly produced by French firms. The market was dominated by the agricultural produce from the United Kingdom. Countries like Wales mined coal and sold in the open market .This made her improve her economic status from a low
Show More

Related Documents: European Union and Member Countries Essay example

SWOT Analysis Essay

Summary The European Union (EU) is a political and economic union of 28 countries throughout the European continent. These countries have come together to develop a single market through the use of a standardized set of laws and economic policies. Through the use of the European Union, countries aim to transcend national borders by ensuring unrestricted movement of people, goods, services, and capital and create a legislative body that has the power to govern disputes between countries and enact…

Words 2028 - Pages 9

The European Union Essay

The European Union The European Union is an economic and political union of 27 member states that are located primarily in Europe. The European Union is a society in which people come together in order to keep peace and security within their nations. The Union was officially founded in 1935 by 5 countries. “Germany, France, Italy, Romania, and Sweden.” The sole purpose of the European Union is to create a united Europe and to allow freedom of movement and enterprise mainly amongst the unions members…

Words 1654 - Pages 7

Geography 105 European Union Paper

European Union The European Union was founded on November 1, 1993 by several great minds. Among others, it’s most notable founders are that of Winston Churchill and Jean Monnet. The European Union has allowed us to live in peace and have the stability that we have today. All of its leaders had the same vision in mind when they created ideals of the European Union which is simply a peaceful, prosperous Europe. Most of the structure of the European Union has been founded upon many treaties and has…

Words 910 - Pages 4

European Union Essay

make the European Union function as a whole. Without all of these councils and departments the European Union would fail and not be able to sustain itself. These different councils set up rules, laws, enforce the rules and laws and try to be as fair for all countries within the European Union. The European Commission proposes legislation and help implements decisions. The current President of the European Commission is Jose Manuel Barroso from Portugal. There are 27 people from every country in the…

Words 618 - Pages 3

The European Union Essay

with the EU countries together to play a global role in the effect of operation. Estimated from a simple calculation, there is a combination of the EU's GDP is assumed that they are drawing the same country, will be the world's highest number. This is why there is a strong need for such integration continued coordination between the Member States. The EU is based on the rule of law: everything that it does is founded on treaties, voluntarily and democratically agreed by all member countries. These binding…

Words 563 - Pages 3

Operation Artemis Essay

Operation Artemis: A Success Story The European Union and Congo By Sharona Mulder S2354195 Ten Kate, group 1 English Proficiency 2, LEV007B10 3 February 2012 Words: 2033 The First African World War1 and the Central African Web of Wars,2 both terms are coined to describe the conflict in Congo, which has been affecting the country since 1998, and has already caused the death of five million people.3 Implicated in those terms, is that it is a complicated conflict, where many different…

Words 2089 - Pages 9

Eu Enlargement Essay

Introduction This Essay is prepared to provide a full discussion on the given question on chapter 2 to discuss the potential gains and challenges that the EU faces as it includes additional members. The content of this essay will be consisted with the following discussion: I. The benefit of EU in the political, economic, social, and environment fields II. The cost of EU in the political, economic, social, and environment fields In order to become the most competitive and dynamic knowledge…

Words 1407 - Pages 6

EU LAW Essay

competitive European coal and steel community (1951) The ECSC came with the aim of organising free movement of coal and steel and free access to sources of production. In addition to this, a common High Authority supervised the market, respect for competition rules and price transparency. It involved cooperation on the coal and steel production of these countries, which was important to the arms industry and was a major commodity in trade between the European countries. There were 6 countries participating:…

Words 2293 - Pages 10

Financial Crisis and European Monetary Union Essay

economic downturn has caused significant problems in the European Union. Identify the causes of the ‘global economic meltdown’ and analyse what could have been done to avoid it. In your answer consider the future consequences for the European Monetary Union. In past several years, the global economy turmoil aroused the global uncertainly. Then, it was leading to the global economic meltdown that means the economic recession that affects a lot of countries around the world. “After the meltdown, around the…

Words 1049 - Pages 5

European Union Research Paper

The European Union was created with the goal of ending the brutal wars between neighbors, which escalated during World War ll. Europeans were determined to prevent massive killing and destruction from ever happening again. West European nations constructed the Council of Europe in 1949. The six founders of the European Union are Germany, France, Belgium, Luxembourg, Italy, and the Netherlands(Theodora). In 1957, the six founders expanded cooperation to different economic sectors. They devised and…

Words 2619 - Pages 11