The European Union
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This paper briefly examines the events leading up to the formalization of the European Union by the Maastricht Treaty of 1992. The paper also discusses how, with the establishment of the E.U. came many high hopes of the advantages it would give, which helped bring the number of members up to 27 such as economic and social progress, international authority, security and protection of human rights. The paper attempts to determine just how successful the E.U. has been in achieving its ambitious goals through an analysis of its strengths and weaknesses.
From the Paper:"The progress achieved within the entire European Union can be seen as the direct consequence of several advantages given to the member states, mainly concerning trade. For example, the common currency of the Euro adopted by 16 of the 27 member states has eliminated the inconveniences linked to exchange rates, the risk of paying more than planned because of currency fluctuations and the transaction cost when changing currency. Besides, the common currency makes it easier to compare prices, increases cross-border employment and often demands economic reforms from the member states so they can meet the appropriate standards. This means that trade is much improved within Europe, allowing businesses to expand easier by simplifying the administrative side for them, which in turn favours the creation of large European multinational firms that compete on a global level. "
Sample of Sources Used:
- "Mastering Modern World History": 4th edition Date of publication - 9th September 2005 Publisher - Palgrave Macmillan Author - Norman Lowe
- Darfur: http://www.independent.co.uk/news/world/politics/writers-attack-eu-failure-to-end-darfur-violence-441620.html
- Illegal immigration : http://euobserver.com/9/24208
Cite this Analytical Essay:
The European Union (2010, July 07) Retrieved December 09, 2022, from https://www.academon.com/analytical-essay/the-european-union-128253/
"The European Union" 07 July 2010. Web. 09 December. 2022. <https://www.academon.com/analytical-essay/the-european-union-128253/>