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You will prepare and submit a term paper on Advantages of EU Further Enlargement. Your paper should be a minimum of 2250 words in length.
You will prepare and submit a term paper on Advantages of EU Further Enlargement. Your paper should be a minimum of 2250 words in length. Let me begin by showing the economic benefits that the member states of the EU will receive from the enlarged EU community. The European Union will benefit from large economic growth (Gross Domestic Product) and more employment opportunities. A study that was done on the view of EU enlargement in all members showed that each member state had substantial economic growth. The economic growth will be felt by both the old members and the new members of the union. This is concluded from the previous observation of how the economic status of the member states has behaved from 1997 to 2008. All the economies have shown a good response as a result of integration. This is indicated by the diagram below.
It has been estimated that the enlargement will increase employment opportunities by at least 30,000 (Pelkmans, 2006, p. 60). From the several economic analysis that has been carried out indicates that, although the benefits will be larger for the new entrants whose economic base is lower, the other old members will also benefit from economic growth and job creation opportunities. The EU further enlargement has been considered to be a reinvigorating force for Europe economies. This will be the case because the new members of this integration will provide the old members with new markets, new jobs, and new investment opportunities. The European enlargement of 2004 and 2007 benefited the EU community by increasing the number of consumers by 100 million. From this view, the European Union will have the largest single market in the world. The new member workers and economies, therefore, will have to enhance the enlargement across Europe (Pelkmans, 2006, p. 60).
It has been argued that the larger the single market will be in the European Union, the more the opportunities for the business will be created more especially for the trade and service sector to sell more of their products and services to nonmembers in the world. It has also .been argued that the large single market of the EU will increase the business opportunities for becoming more competitive in the international market as a result of more diverse and large markets, and cheaper inputs.
