The European Union advantage and disadvantage

  The European Union is from the European Community of developing. The European Union is set of political entities and economic entities, and it is regional integration organizations that have an important impact on the world. In Dec 1992  the European Community of Maastricht Summit through Maastricht Treaty that means establishing a monetary union  without a political union. In 1th November 1993, the EU officially established.

The establishment of the European Union has more advantages for each member of  the countries. Firstly, the EU use single currency, is called "Euro", and single currency can save large change. Make skill, talent Capital, resource gets best allocation. Preliminary estimate, use Euro can make trading volume doubled in the euro zone. Secondly, European Union improves each member of international influence. The EU's economic strength is the world's first, and the EU advocates multilateralism so it lay an important role in international affairs. Lastly, goods can be free trade without duty, and people can  move to another country easily without a passport. This can greatly convenient people's life and improve quality of life.

On the other hand, establish the EU also has some disadvantages, firstly, Individual members economic strength are not the same that cause European Union  implementation of many of the policies that  for each member affect was not sane. Some countries would benefit from their policies and  some not have. Secondly, each Member State has lost some power, such as lost of customs rights.

In general, establishment of the European Union is more good than harm.

  

   Reference

  Auon. ( 12 July 2007). How does the EU work. Available: http://europa.eu/abc/12lessons/lesson_4/index_en.htm. Last accessed 04 Feb 2013.

  

   Auon. (5/07/2011). Competition and Consumers in the 21st Century. Available: http://ec.europa.eu/competition/consumers/events/2009/index.html. Last accessed 4/02/2013.