EU Enlargement to Eastern Europe
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When the Eastern European countries led by Poland decided to join the European Union (EU), the assumption was that they wanted to share the blessings of the free market being enjoyed by existing EU members. This paper discusses how economically, the Eastern European countries are a low-income region and how they are fighting issues such as unemployment and a low standard of living. It also examines how other EU members can show them how to potentially stimulate the growth of their own economies.
From the Paper:"Eastern Europe is a low-income region of about 100 million people whose combined income will raise the GDP of EU by a mere 5 per cent. This is very much less than the result of previous EU expansions to the North and South. It is not only their low income levels that may bring deleterious effects to EU but also the fact that these countries are in the middle of a transition phase from a centrally planned to a market economy. In addition, the new members will have to cope with more EU regulations than before because of the recent creation of the Single European Market concept. "
Cite this Essay:
EU Enlargement to Eastern Europe (2006, July 09) Retrieved August 22, 2019, from https://www.academon.com/essay/eu-enlargement-to-eastern-europe-67439/
"EU Enlargement to Eastern Europe" 09 July 2006. Web. 22 August. 2019. <https://www.academon.com/essay/eu-enlargement-to-eastern-europe-67439/>