Important issues facing the european union today economics essay

For more information Protests due to the global financial crisis, In the aftermath of the global financial crisis a Western crisis that became globalWestern nations have suffered greatly. Resulting attempts to address the economic problems include austerity measures that feel much like the disastrous Structural Adjustment Policies that these Western nations imposed or strongly pressed developing nations to pursue in the s and 80s, with devastating consequences.

Important issues facing the european union today economics essay

Originally formed in by six countries then the EECthe EU has expanded in terms of size and integration. The aim of the EU is to promote European harmony through creating a single market, enabling the free movement of goods, services and people. Some of the benefits of the European Union include: Broad political and legal benefits European harmony - European Union countries are no longer at loggerheads like they were in the past.

The EU was awarded the Nobel Peace Prize in for helping to promote peace and international co-operation. Many Eastern European countries are keen to join the EU because they feel it will help promote economic and political stability.

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Legal and human rights. The EU has a strong commitment to human rights, preventing discrimination and the due process of law. This makes the EU attractive to countries, such as the Ukraine who wish to share in similar legal and human rights. Prospect of membership has helped modernise countries, such as Turkey.

The Copenhagen Criteria for EU membership enshrine a commitment to human rights, the rule of law and a market economy. The prospect of gaining membership of the EU, encourage countries to implement human rights legislation. Economic benefits EU is one of strongest economic areas in the world.

With million people, it has 7. Free trade and removal of non-tariff barriers have helped reduce costs and prices for consumers. Increased trade with the EU creates jobs and higher income.

Removal of customs barriers mean 60 million customs clearance documents per year no longer need to be completed, cutting bureaucracy and reducing costs and delivery times Countries in the EU, are amongst the highest positions in the Human Development Index HDI Poorer countries, such as Ireland, Portugal and Spain have made significant degrees of economic development since they joined the European Union.

Vox - how poorer countries benefit from EU Social cohesion fund. This has invested in poorer areas of the EU to help reduce regional disparities. The European Union has attracted greater inward investment from outside the EU.

The UK is the 5th largest source of inward investment in the world, and being a member of the single market is an important factor in encouraging Japanese firms. For example, UK and Ireland have benefited from the immigration of Eastern European workers to fill labour market shortages in certain areas, such as plumbing, nursing and cleaning.

EU migrants tend to be young. Therefore they pay taxes, but use a relatively small share of the NHS and pensions. Fiscal effects of immigration. EU has enabled people to travel freely across national boundaries making trade and tourism easier and cheaper.

According to the European Commission, more than 15 million EU citizens have moved to other EU countries to work or to enjoy their retirement. This makes it easier to work abroad without having to retrain in different national qualifications.

Mutual recognition of safety standards and rules have helped reduce costs for firms. This has encouraged the development of small and medium business who rely on the low cost of exports.

Social charter enshrines protection for workers such as a maximum working week, right to collective bargaining and fair pay for employment.

Important issues facing the european union today economics essay

Clean water at Europa. Inthe EU committed to reducing its global warming emissions by at least 20 percent of levels by Environmental treaties which have sought to deal with European wide environmental problems such as acid rain. The EU has set strict restrictions on emissions of pollutants, such as sulphur, and other causes of acid rain.

There has been successful deregulation of airlines, electricity and gas markets. The EU has reduced the price of making mobile phone calls abroad. In EU legislation set maximum charges for making and receiving calls.The European Union (EU) is a unique partnership in which member states have pooled sovereignty in certain policy areas and harmonized laws on a wide range of economic and political issues.

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This course explores theoretical and historical perspectives on the intersection of law, society and politics, and aims to foster discussion of contemporary issues among students from different cultures and disciplines.

1. Foreword by David Cameron, Prime Minister of the United Kingdom. Corruption is the cancer at the heart of so many of our problems in the world today. What are the biggest problems facing the European Union? Update Cancel. Answer Wiki. 16 Answers. Gürbüz Bahadır, but big country, strong military and political weight go hand in hand).

Not today, not tomorrow, not in the foreseeable future. I feel any issues with immigration are secondary to the region's financial troubles, which.

European Problems - Challenges of the European Union - Alexander Nikolov - Term Paper - Business economics - Economic Policy - Publish your bachelor's or master's thesis, dissertation, term .

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Italy is the eighth largest economy in the world with an estimated GDP of USD trillion. The country has low levels of natural resources with close to 80% of its industrial raw materials being imported.

EconomicsFAQ – Explaining economics and defending the free market