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Economics A Level (DONEEEEEEE)

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Question:

For New Member States, what are the Benefits for Joining the EU?

Author: eric_galvao



Answer:

-Access to Single Market. The breakdown of Trade Barriers and Tariffs allows the Free Movement of Goods, Services, Capital, and Labour which can bring about a Huge Common Market for Exporters, and more competition to drive Innovation and Productivity -FDI may start to Flood in, as joining the EU signals Economic and Political Stability. FDI can bring about Advanced Technology and Enhance the Domestic Competitiveness Industry. -Citizens of the New Member States can go wherever in the EU to work and get Higher Wages. This can lead to Remittances being sent back to the Home Nation


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