EU Enlargement

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  • Created by: sammilaw
  • Created on: 11-04-16 20:30
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  • EU Enlargement
    • Chapter 19
    • For:
      • Larger export and import market
      • Increased output
      • Increased profit
      • Increased investment
      • More choice and opportunities
      • More competition = more efficient
      • Larger pool of (cheap and ranged skills) labour
      • Growth of new members aids long term UK growth
      • Wages down = inflation down = IR down
    • Against:
      • Risk of firms out-sourcing labour to other countries
      • Rise in migration = overcrowding = pressure on public sector
        • Pressure on taxpayers = opportunity costs
      • Small firms may not be able to compete
      • Growth in net contribution
      • Increased probability and severity of global shocks
      • More regulation

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