5th Enlargment of the Eu

5th Enlargment of the Eu

  • Submitted By: vashmang
  • Date Submitted: 05/24/2009 8:48 PM
  • Category: Business
  • Words: 993
  • Page: 4
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The Fifth Enlargement of the EU

To begin the European Union is the economic union of European countries in order to facilitate freer trade and movement of capital, goods, services, and human labor across the continent of Europe. Currently, the European Union consists of 27 countries and works/governs itself to form a single working European market. The quote “The Fifth Enlargement of the EU is now complete” the ascension of the last two (Bulgaria and Romania) of the 12 total countries of the Fifth Wave of admittance into the European Union.
Firstly enlargement of the European Union diffidently has its benefits. In theory the enlargement of the European Union opens up the Union to new and profitable markets in which they can buy, sell and trade more freely. We see therefore, the benefits to the enlargement of the European Union are very similar to some of the benefits of globalization in the whole. Like-wise concerns with the EU expansion can also be seen as concerns over globalization on the whole. For example the opening of emerging markets allows for product to be produced cheaper abroad then domestically. For the more prosperous EU members this could mean the outsourcing of domestic jobs to EU members with cheaper wages and input costs.
Some of the more intrinsically unique concerns regarding the EU expansion come via the form of free travel within EU borders. In the terms of the travel an EU citizen is able to go from country to country freely as they please, without any special visas or documentation, only a passport from an issuing EU member. This has become a concern for many of the European Union member. For Countries like Italy this free travel and immigration has lead to “unsavory” individuals and a criminal element moving into their country (primarily from developing countries such as Romania.
Additionally, countries (most notably Italy) have voiced concern over the ever unpopular business practice of off shoring. Although Italy...

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