Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588
Open Always
Email: support@globalcompose.com Call Now! +1-315 515-4588

Sample Paper on European Union

This sample paper on (Sample Paper on European Union) was uploaded by one our contributors and does not necessarily reflect how our professionals write our papers. If you would like this paper removed from our website, please contact us via our Contact Us Page.

A Database of over Million Scholarly Resources. Start your Search Now

Sample Paper on European Union
Introduction

The European sovereign nation was initiated in 1957 with six members: Belgium, France, Germany, Italy, Luxembourg and the Netherlands. For non-member states, the procedure of joining EU has three stages. The first step was at the point when a nation is prepared it turns into an official possibility for enrollment- yet this doesn’t as a matter of course imply that formal transactions have been opened. Secondly, the applicant would then proceed onward to formal enrollment transactions, a procedure that includes the selection of set up EU law, arrangements to be in a position to appropriately apply and uphold it and usage of legal, authoritative, financial and different changes essential for the nation to meet the conditions for joining, known as increase criteria. Thirdly, at the point when the arrangements and going with changes have been finished as per the general inclination of both sides, the nation can join EU.

The euro is the most unmistakable verification of European incorporation- the normal cash in 19 out of 28 European Union nations. Several countries use the euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. A few countries however are still debating on whether to join the EU or stay their grounds. Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania are Sweden are those among them.

According to the International Monetary Fund, IMF, the European Union has a GDP of about 16.2 trillion euros. Germany records a higher GDP as compared to other member states of the EU. It had in records the highest per capita above the EU average. On the other hand, Malta has the smallest GDP in comparison with other EU members.

The future of EU over the next 25 years is moderate since differing qualities of societies and monetary emergencies exist. A greater Europe can’t be worked without solid EU administration and visionary initiative, yet these are the two issues which are eminently absent at present.

Advantages of Becoming an EU Member

There are benefits that come with the EU membership. To begin with, companies that are trade partners with other European countries get to benefit. Transaction costs as well as fluctuating exchange rates will be eliminated therefore; they will not suffer the cost of exchange rates and commission rates (Stanek, 2001). This membership has also improved the stability of the domestic currency that emphasizes national identity. It further strengthens political relations and integration among member states. Other advantages include a rise in foreign trade, appropriate allocation of capital, healthy and increasing competitiveness among member states.

Disadvantages of Becoming an EU Member

Disadvantages of being an EU member may include cases of increased bureaucracy, pressure towards austerity and inefficient policies. The United States, Burma and Liberia are some of the countries that have not adopted the metric system. The Metric system has slipped into our economy since items such as pharmaceutical products, wine and distilled spirits are accepted by consumers with little resistance. The scientific and medical communities are also the metric system. This may bring in difficulties as a lot of changes will be made. For instance, bottle labeling for both imports and exports. The U.S will convert since the Omnibus Trade& Competitive Act of 1988 points out that the metric system is the preferred system of weights and measures for the US. However, this is not likely to happen in the near future since efforts have been made since the 1800s but in vain.

 

 

Reference

Stanek, M.B. (2001). International Monetary Arrangements: The European Union and the euro. European Business Review,13 (5), 279-291

 

Sharing is: CARING

Are you looking for homework writing help? Click on Order Now button below to Submit your assignment details.

Homework Writing Help
We Can Help you with this Assignment right now!
Sample Paper on European Union

Are you looking for homework writing help on (Sample Paper on European Union)? Well, you can either use the sample paper provided to write your paper or you could contact us today for an original paper. If you are looking for an assignment to submit, then click on ORDER NOW button or contact us today. Our Professional Writers will be glad to write your paper from scratch.

We ensure that assignment instructions are followed, the paper is written from scratch. If you are not satisfied by our service, you can either request for refund or unlimited revisions for your order at absolutely no extra pay. Once the writer has completed your paper, the editors check your paper for any grammar/formatting/plagiarism mistakes, then the final paper is sent to your email.

Privacy| Confidentiality

Sample Paper on European Union

We do not share your personal information with any company or person. We have also ensured that the ordering process is secure; you can check the security feature in the browser. For confidentiality purposes, all papers are sent to your personal email. If you have any questions, contact us any time via email, live chat or our phone number.

Our Clients Testimonials

  • I appreciate help on the assignment. It was hard for me but am good to go now

    Impact of pollution on Environment
  • Am happy now having completed the very difficult assignment

    Creative Message Strategies
  • Your writer did a fine job on the revisions. The paper is now ok

    Ethics: Theory and Practice
  • The paper was so involving but am happy it is done. Will reach you with more assignments

    Title: Privatization in or of America
  • I expected perfection in terms of grammar and I am happy. Lecturer is always on our head but was pleased with my paper. Once again, thanks a lot

    Title: Bundaberg Inquiry
  • The paper looks perfect now, thank to the writer

    Health Care Systems
  • You helped me complete several other tasks as you handled paper. wonna thank you

    Critique Paper on Political Change

Related Articles

Sample Paper on European Union

Get more from us…

Would you like this sample paper to be sent to your email or would you like to receive weekly articles on how to write your assignments? You can simply send us your request on how to write your paper and we will email you a free guide within 24-36 hours. Kindly subscribe below!

Email Address: support@globalcompose.com