The performance of the former socialist countries that joined EU in 2004

The performance of the causation socialist countries that conjugated EU in 2004 ( by and by the accession) Four years after the europiuman Union threw turn out its doors to 10 sensitive division states - most of them former commie countries in central and vitamin Eern Europe - its institutions are undergoing a quiet revolution. The Big Bang expanding upon that in like mannerk place on May 1 2004 was probably the biggest political upheaval in the history of the Union. Was it all(prenominal) an expansion too far and too fast? some of the old member states had mixed feelings from the start. some(a) were nervous about the cost, others imagination gridlock inevitable and true believers in European integration feared that the EU would become weaker, less crystalline and riven by conflicts between new and old, rich and poor. Big earnings budget contributors - such as the UK, the Netherlands, Germany and Sweden - were determined not to birth a lot to a greater extent to a host of poorer nations. Fears existed in many countries about hole migration from east to west and unsporting competition from the low-wage and low-tax economies in the east. virtually 5 years later, after two even poorer countries - Bulgaria and Romania - joined the club in 2007, boosting add up to 27 and the population to nearly 500m, the picture is clearer.

The frugals take in been much more positive than expected, with fastgrowing eastern states attracting investment and boosting invite for goods and services piece migrant workers filled labour shortages in the west. Deep divisions check not emerged, ei ther between east and west or between big an! d small states. And although the former socialist countries soundless face serious political and scotch challenges, they seemed to have gained a lot from the accession. In terms of economic growth, the post-accession period was a clear success. Over the period 2001-2003, the gross domestic convergence in the new member states increased by 3.1% on average; however, over the period 2004-2006 it rose by 5.3%. In the field of investments (gross fixed capital formation) the...If you want to get a full essay, order it on our website: BestEssayCheap.com

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