Operating as a single market and following common policies resulted in many discrepancies. The same principle applies for the European Union when negotiating trade. European Union is an economic and political union established to support 28 member states. What Are the Disadvantages of the European Union? The presence of the European Union has helped to bring a level of harmony to the continent that has been rare in the past. What Are the Advantages of Labor Unions? Six days later the European Parliament overwhelmingly approved the Brexit divorce deal, and at 11pm GMT on 31 January, the UK officially left the European Union after 47 years of … The most used Web 2.0 platforms in the European Union (89.2%) is the social networking site Facebook. Sort the cards into one of these categories. The Disadvantages of the European Union. That includes several Pacific islands, Caribbean Islands, and the region of French Guiana in South America. In 1991, the Member States approved the Treaty on European Union (the Maastricht Treaty), deciding that Europe would have a strong and stable currency for the 21st century. That includes due process under the law and preventing individualized discrimination at all levels. Even the structure of the governing body provides jobs that would not be present otherwise. The chapter also charges an initiation fee ranging from $75 to $600, depending … Most are located primarily in Europe, but overseas territories are included with the EU. Influence on international matters: Joining the EU member states opens the opportunity to become one of the … Every member state is required to pay membership fees to the European Union. Fig. Crystal Lombardo is a contributing editor for Vision Launch. That means people can save money on the basics they need, including groceries, because of the leveraged power of the EU. navajocodetalkersadmin on June 30, 2015 - 7:43 pm in, Sharing the Stories of the Navajo Code Talkers through, 11 Advantages and Disadvantages of the European Union, A film featuring the testimony of Keith Little that served as…, Samuel Tso served as a Navajo Code Talker after enlisting in…, Samuel Tom Holiday was an admirable patriot. Buffer. In return, the EU spent about 4.5 billion pounds in public sector spending. Sorting exercise – advantages and disadvantages of European Union (EU) membership. Certain forms of border control are not allowed within the European Union. At the same time, the structure of the single market has increased incomes. This may seem like a great thing, but it is certainly not. For FY2016, the United Kingdom contributed 13.1 billion pounds to the budget of the EU. Shares. While there is a common currency between the union countries, there is no common language. Some of them are disadvantages of countries’ membership of the EU. Investors are willing to put money into businesses within the European Union because the member states create trading advantages that wouldn’t exist otherwise. The European Union was officially formed on November 1, 1993 in Maastricht, Netherlands. Joining the EU member states, countries can increase GDP growth and prosperity. That is because border controls are governed by a treaty that was signed in 1985 by the European Economic Community at the time. No additional taxation improves not only the trade of the countries, but the economy as well. The country with the largest population in the European Union is Germany, with over 82 million. Companies and small businesses, including freelancers, are able to find more opportunities available to them because of the European Union. With the 23 June British Referendum on EU Membership fast approaching, the battleground is becoming ever clearer, yet the consequences of an exit and the procedure to leave the EU remain matters on which many opine conjecture rather than facts. The opposite is also true. Because of the many benefits that are possible with the EU, many countries have implemented specific laws to protect human rights, even if they are not a member state, since they have hopes of joining the union one day. Since 2014, the number of attacks experienced on the continent has risen from two per year to 33 per year. Here are the current advantages and disadvantages of the European Union to consider and discuss. It can take several years for needed changes to occur. This article provides you with the pros and cons of EU to evaluate before buying a membership. There are many different things that go into a country’s decision to join the European Union, all of which you can learn about more in depth below. The…, 12 Advantages and Disadvantages of Technology in Education, Samuel Tom Holiday: Real Code Talker Interview, Historical Perspective Video of Navajo Code Talkers. According to the U.S. Bureau of Labor Statistics, the 2014 median weekly pay for full-time workers belonging to a union was … (UKIP claim that the cost of EU membership in total amounts to £83bn gross if you include all possible costs, such as an ‘estimated’ £48bn of regulation costs – or £1,380 per head [1]. Belonging to the United Nations provides another level of security. In 2004 we will see the biggest enlargement in the history of the EU. European Union members work as one in order to help other affiliate sustainability. All previous enlargements have significantly impacted on the regional focus of the EU’s external policies. It is such an effective medium for peace that most nations in the former Soviet bloc are working hard to join the European Union to take advantage of this benefit. With speculation playing a part in almost every claim for or against the EU, it’s sometimes difficult to distinguish between legitimate risks and d Even the Brexit process was estimated to take at least 2 years to complete after it passed a public referendum. Another big dilemma surrounding the EU is the fact that it can only expand so far. Each side sees the glass as being half-full, with the other side being wrong. GCSE Business Studies revision section covering the European Union (EU). It is said that the cost per head vary between £300 and £873, which explains why the UK government spending reached a net worth of £6.883 billion, excluding regulation cost. Contributions vary each year, but have been increasing, in general, since 2007. Peace & Security. List of the Cons of the European Union. Germany and France often see this negative as well. 5. Imagine a trading relationship Europe would have with the United States before 1993. See UK government spending. One of the most significant achievement is the establishment of common market, including free movement of people, goods, and capital. The Brexit process began with the United Kingdom (UK) voting to leave the European Union (EU) in a 2016 referendum. The Advantages of the European Union 1. There have been security concerns in Europe in the 2010s, especially with an increase in terrorism and refugee movements from wars in Africa and the Middle East. All previous enlargements have significantly impacted on the regional focus of the EU’s external policies. This makes it the largest economy in the world. and find homework help for other Economics questions at eNotes 2. 2. The benefits of the euro are diverse and are felt on different scales, from individuals and businesses to whole economies. 1. There are many benefits that the EU has brought to the world from an international perspective. To receive the possible benefits that can be obtained by being part of the European Union, there are monetary responsibilities which must be taken into account. Delicious. Only European countries are permitted to join, which makes them a large target for countries outside of the region. The European Union does allow for the establishment of certain border control policies at the member-state level. Shared Wealth Is Not Always Good Individual countries cede control over some of their laws and regulations over to the European Union when membership is pursued. European Union was founded in 1957 with a goal to build a common market. Big countries tend to benefit much more than smaller countries in the union. Home » Pros and Cons » 18 Advantages and Disadvantages of the European Union. Crystal Lombardo. Many people argue that this cost alone outweighs any money that would saved from trade. The Use Social Media in European Union In the first part of the questionnaire survey we investigated in the users' social media which ones are used and for what purpose. It can limit the individual influence of member states on an international level. Shared Wealth Is Not Always Good In 2020, almost 70 percent of respondents stated that Poland's membership in the European Union has more advantages than disadvantages. This allows people to bring their skills to places that they would be best utilized, which is beneficial for countries who may not have as many people skilled in some jobs as others. 1. Joining the EU member states, countries can increase GDP growth and prosperity. R… The pros and cons of ‘Brexit’ from the European Union United Kingdom is considering withdrawal from the European Union, which is commonly being shortened to be known as Brexit or “Britain’s exit.” It is being predicted and called for by individuals, political groups and advocacy groups for their own purposes. 5. This chart shows what British & German business executives think are the most important advantages & disadvantages of the EU. In 2007 the EU was classified as the biggest and most successful economy in the entire world. Topic: Analyse the main advantages and disadvantages of European Union enlargement for a) existing members and b) for applicant countries. Because there are added fees and costs that come with the responsibility of being in the European Union, there may be added taxes placed on consumers to help pay those costs. The European Union is a powerful union located primarily in Europe, which have at least 28 member states including: Germany, Poland, United Kingdom, France, Spain, Italy and more. This becomes a big problem whenever the European Union needs to address the union as a whole. The Same Currency 11. Any type of government moves with the speed of a snail. Globalisation & the EU The EU allows free trade within member states. This would be good for Europe that everyone would get an advantage from this unification and get more dominant as a whole. At the same time, however, there are fewer controls allowed for certain individual laws and regulations. Freelancers and entrepreneurs have access to a larger initial market. Pinterest. The EU has provided a very strong commitment toward promoting human rights for all. Since 1957, the European Union has benefited its citizens by working for peace and prosperity. Labor unions promote higher wages. 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