Introduction The European Union is made up of several democratic European countries. These countries are committed to working together to promote peace and prosperity. The countries who are involved with the EU have set up common institutions so they can delegate their ideas to decisions that are made on specific issues. This makes these decisions so that the EU stays on a democratic level. European Union leaders have pledged to make the EU the world’s most dynamic knowledge-based society with a competitive economy and a skilled workforce.
(Communities, 1995 ) The EU wants businesses to prosper in their region. Through the integration of the region and looking to the different economic situations of each country involved in the EU region the EU plans on advancing its position as a world leader in global business. Integration One third of the EU’s ? 100-billion-a-year budget is used to stimulate the economy and to create jobs in disadvantaged regions and to provide training for unemployed or under qualified people. (Communities, 1995) The EU has worked to integrate their region through the creation of what the Europeans call, the Euro.
Since the creation of the Euro, there have been several million jobs that have been created. Immigration and asylum have also had significant impacts on the Integration of the EU for the better. Treaties, successive agreements, and ‘action plans’ have invited several who reside outside of the EU territories. Because of the amount of people from different countries and one of the EU’s main industries, tourism, the elimination of border control between the countries of the EU has been a large success.
The common rules that are applicable to visas, claiming asylum rights and checks at external borders, were brought into light by the coordination efforts of the police and the judicial system. A disadvantage of Integration of the EU is the speed at which integration is occurring. The EU is moving towards more integration at a phenomenal rate with not enough thought or debate on the issues. (Communities, 1995) Countries risk being swept away with the speed in which integration is taking over the region. The EU maps its own course in the interest of its own group and not the citizens of the different countries that the EU is representing.
Yet another advantage to the EU with respects to integration is Socio-economic research findings. Because the EU works to integrate its states, the EU is always looking to new risks, new ideas. is Socio-economic research with analysis on the development of social capital in the EU and on the risks and opportunities of new technologies and societal dynamics is gaining importance against the backdrop of structural change and EU enlargement to improve the implementation and efficiency of political reforms. Economic Development Stages
The countries which make up the EU are; Austria, Belgium, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, The Netherlands and the United Kingdom. Each presents a different economic stage that exists within the EU. By taking a look at the difference between specific countries a better well rounded picture will emerge which will tell how well the EU is working on making their Union a union that betters each country within its union borders.
Austria/Germany Austria and Germany both have a well-developed economy and have a high standard of living. Both countries have economies with up-to-date industrial and agricultural areas. In Austria there is a severe problem with the aging population, which causes problems with the already high health costs and may cause big problems within tax and welfare policies. The growth rate of the GDP in Austria is growing at 1. 9%. Austria had a GDP in 2005 of 302. 7 Billion dollars. In Germany the GDP is growing at a rate of .08% and had a GDP in 2005 of 2. 83 Trillion Dollars. Germany defiantly dominates Austria in the affluence and richness of its economy, but both are very well off for the population which exists within their borders.
Czech Republic The Czech Republic is one of the most prosperous and stable economies of any of the previously Communist states. Many of the Czech Republics exports are sent to Germany, which tells that Germany is spending a large amount on imports from the Czech Republic. The Czech Republic had GDP of 184. 9 Billion dollars in 2005, and the growth of the GDP was at 4. 6%. The Czech Republic is a good example of how the EU has taken a positive role in a company economy. Slovakia Slovakia has moved from being centrally planned to a market economy in a very short time.
The years 2001 ? 2004 were the most important because the Dzurinda government stepped in and made large strides for the economy in Slovakia. Many investments in Slovakia are in its automotive area. Unemployment is Slovakia’s largest concern. It has grown since coming form a centrally planned economy but it still has a long way to go. Slovakia’s GDP for 2005 was 85. 14 Billion dollars and is growing at a rate of 5. 1%. Slovakia became part of the EU on May 1, 2004.
Summarization The EU has a variation of countries at different levels of economic heights. As the countries that join the EU grow and develop as part of the EU their GDP grows, their economy grows and their status grows. Western Europe has already been on auto pilot for years as their economies have grown larger and larger through cleanup from wars and conflicts. Eastern Europe has just recently in most cases been climbing out of Communism and like governments. These countries are on their way, learning how to market in an open economy learning how to grow their economies larger.
Ramifications As the EU grows and develops its region, the EU will continue to hold its stronghold in the world Union Powers. The EU dollar has grown to be a strong dollar, just as much as the American dollar. In a world that has been dominated by the American Dollar to have the EU climb to a close second is a ramification more than any other region has been able to accomplish. The ability to grow stronger and promote that growth among its states is what the EU will promote. Another ramification of the EU and its growth will be its relations with other countries and world union powers.
By cementing relations with outside countries and powers the EU will create an economic trading region that will dominate the worlds productivity. Conclusion As the EU grows and promotes its business worldwide it has become a power not to debate with. Through integration and study the EU has taken a region of the world that has been at war often over the past 1000+ years and brought it peacefully who work together to strengthen the ties between the regional country economies. References Communities, E. (1995). The eu at a glance. Retrieved Mar. 24, 2006, from http://europa. eu. int/abc/index_en. htm.