Global groupings EU

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  • Global Groupings EU
    • why est.?
      • to help to globe recover from WW2
      • 1957 -             6 members
        • 2007 -             27members
    • aims
      • promote security and peace
        • less likely to go to war as they have to agree policies
      • promote development
        • work together to tackle dev. issues
          • e.g. UN - 8 millennium development goals (2000)
      • benefits all of their economies
        • reduce trade barriers and tarrifs
          • e.g. canada, mexico and usa agreed (NAFTA)
    • Positives
      • Trade increased
        • 1970 = 12% uk GDP from trade with europe
          • 2002 - 23 %
      • 17/27 use a single currency-euro
        • no exchange rates, prices consistent
      • EU supports industries
        • subsidises farmers
    • Negatives
      • expensive to join - need to meet requirements
      • have to share resources
        • fisheries
      • reduces trade with countries outside EU - expensive
        • MALI
      • reduces independence as you must abide by eu laws

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