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Non-UK Economies

European Union: Whether the continuous expansion of the EU is beneficial

  • 3 things to know
  • A2 Units 3 and 4

Overview

Recall questions on Whether the continuous expansion of the EU is beneficial for both existing members and new members, The benefits and possible drawbacks of membership of the economic and monetary union.

What you need to know

Answer each one before you reveal it.

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Evaluation

What does a country give up when it joins the euro?

Key term

What potential harms might existing EU members experience from continuous expansion?

Key term

What risks might new EU members face if their economies are not sufficiently competitive?

Questions from this subtopic

Each one with the model answer underneath.

  1. 1

    How might continuous EU expansion benefit existing member states?

    Model answer

    Through access to new markets, increased labour supply, and greater geopolitical influence.

  2. 2

    What potential harms might existing EU members experience from continuous expansion?

    Model answer

    Increased competition for jobs, strain on structural funds, and more complex decision-making processes.

  3. 3

    How might new member states benefit from joining an expanding EU?

    Model answer

    Through access to the single market, structural funds, and institutional frameworks that promote stability and growth.

  4. 4

    What risks might new EU members face if their economies are not sufficiently competitive?

    Model answer

    Deindustrialisation or brain drain as workers migrate to wealthier member states.

  5. 5

    What is the Economic and Monetary Union (EMU)?

    Model answer

    The framework for economic policy coordination among EU member states, with the eurozone representing those members that have adopted the euro as their common currency.

  6. 6

    What is the eurozone?

    Model answer

    The subset of EU member states that have adopted the euro as their official currency and participate fully in the EMU.

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