membership to the EU

notes on membership to EU

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  • Created by: Alexander
  • Created on: 12-03-12 17:14
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Membership of the EU.
Single market-The economies of different countries can be treated as one when a firm
is considering its domestic market.
Customs reunion-A group of countries, such as the EU, have free trade between
members, but a common external barrier.
Single currency-A group of countries agree to adopt the same currency and to have
one monetary policy.
Members of the EU.
1. Austria
2. Belgium
3. Bulgaria
4. Cyprus
5. Czech republic
6. Denmark
7. Estonia
8. Finland
9. France
10. Germany
11. Greece
12. Hungary
13. Ireland
14. Italy
15. Latvia
16. Lithuania
17. Luxembourg
18. Malta
19. Netherlands
20. Poland
21. Portugal
22. Romania
23. Slovakia
24. Slovenia
25. Spain
26. Sweden
27. UK

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Members of the Eurozone.
1. Ireland
2. Portugal
3. Spain
4. France
5. Luxembourg
6. Belgium
7. Netherlands
8. Germany
9. Austria
10. Italy
11. Malta
12. Greece
13. Cyprus
14. Finland
Advantages of the single market.
1. No protectionist measures on trade between member states.
2. Elimination of border controls.
3. Free movement of people.
4. Mutual recognition of qualifications.
5. Making taxes and industrial and economic laws the same.
Main advantages.
1.…read more

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Disadvantages of the single market.
1. Job losses-UK based industries now have to compete with products from
abroad. For example in the UK, dairy farmers have has to compete with cheaper
milk from Romania.
2. Attract capital and jobs away-This is due to the single market. Capital and
jobs are attracted away from poorer countries to countries like France,
Germany and the UK.
3. Manufacturing firms are attracted to the low labour costs-E.g. Renault has
set up a factory in the Czech Republic.
4.…read more


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