Write a short note Importance of European Union
Answers
There's no denying the EU is a powerful force in world economics and politics.
Today, Europe is peaceful and prosperous. Whether the EU is “important” in the respect that peace and prosperity would not happened without it, is something we shall never know.
Nevertheless, the EU has determined a common trade and commercial policy for countries consisting of half a billion people. In population terms, that’s about 1/3 of the size of China but the EU is much, much richer than China. In total GDP terms, it is larger. It also has a single currency covering a third of a billion people.
Geo-politically, the EU is a major force. What other political institution would have the sheer chutzpah to talk publicly about breaking up Google and be taken seriously? EU rules concerning free trade and free movement of people are not unique in kind but they are probably unique in their depth and breadth.
Its trade barriers against other countries have had important effects. For example, Europe’s trade barriers against agricultural products have decimated Kenyan production of tomatoes and Egyptian production of sugar. European people are prevented from buying food, clothes and shoes at world prices, making everyone, particularly Europeans, poorer.
The global reach of the EU’s policies, for good or ill, have had dramatic impacts on European and global economics, politics and culture.
There is no denying the EU is important. Whether you think everything it does and the way it does it is good, is another question. Certainly, the EU is not for everyone. We don’t see other parts of the world copying the EU’s model and with good reason. There should certainly be no presumption that every country, even European ones, should want to be in it.
Love it or hate it, there’s no denying the EU is a powerful force in world economics and politics.
Today, Europe is peaceful and prosperous. Whether the EU is “important” in the respect that peace and prosperity would not happened without it, is something we shall never know.
Nevertheless, the EU has determined a common trade and commercial policy for countries consisting of half a billion people. In population terms, that’s about 1/3 of the size of China but the EU is much, much richer than China. In total GDP terms, it is larger. It also has a single currency covering a third of a billion people.
Geo-politically, the EU is a major force. What other political institution would have the sheer chutzpah to talk publicly about breaking up Google and be taken seriously? EU rules concerning free trade and free movement of people are not unique in kind but they are probably unique in their depth and breadth.
Its trade barriers against other countries have had important effects. For example, Europe’s trade barriers against agricultural products have decimated Kenyan production of tomatoes and Egyptian production of sugar. European people are prevented from buying food, clothes and shoes at world prices, making everyone, particularly Europeans, poorer.
The global reach of the EU’s policies, for good or ill, have had dramatic impacts on European and global economics, politics and culture.
There is no denying the EU is important. Whether you think everything it does and the way it does it is good, is another question. Certainly, the EU is not for everyone. We don’t see other parts of the world copying the EU’s model and with good reason. There should certainly be no presumption that every country, even European ones, should want to be in it.