We will try to address this when looking at the pros and cons of European exploration, but let’s first examine the origins. Disadvantages of EU membership include: Cost.The costs of EU membership to the UK is £15bn gross (0.06% of GDP) – or £6.883 billion net. The euro was created on January 1, 1999, and it was designed to support economic integration in Europe. Intereconomics is published by ZBW – Leibniz Information Centre for Economics and CEPS – Centre for European Policy Studies. Ultimately, there are pros and cons with any business expansion, and international growth is no exception. The first advantage of international expansion is access to new markets. Tightening Immigration Rules. Obviously, one of the biggest advantages of international expansion is new sales. Franz Neueder. The EU's predecessor, the European Economic Community, was founded with the Inner Six member states in 1958, when the Treaty of Rome came into force. The foundation of power is the hard work of workers in Europe and their enthusiasm to sell the labor and time in payment for an honest criterion of living. (UKIP claim that the cost of EU membership in total amounts to £83bn gross if you include all possible costs, such as an ‘estimated’ £48bn of regulation costs – or £1,380 per head [1]. Buy These Notes Preview. And if the EU membership process can drag Bosnia up to speed with its neighbors, the prize could be a transformed region. So, with that in mind, what are the other advantages of international expansion? Intereconomics is a platform for the publication of policy relevant aspects of economic research. Since then, the EU's membership has grown to twenty-seven, with the latest member state being Croatia, which joined in July 2013.The most recent territorial enlargement of the EU was the incorporation of … Someone living on a reservation may view things far differently than someone of Italian descent in New York City. With careful forethought and planning, your business can go to the next level and take advantage of a whole world of opportunities. Without any doubt, the EU is a powerhouse in trade and industry. For Cotton Babies, moving forward with an international expansion required a new way of production. 1. European Union Pros and Cons. The advantages of the euro include promoting trade, encouraging investment, and mutual support. Tweet on Twitter. Essay: Disadvantages Of EU Expansion – European Union And Its Cons The European Union, commonly referred to as EU, is a political and economic union of 27 member states which was established in 1933 with the foundation of the European Economic Community. Title: Pros and cons of EU enlargement Description: Covers the pros and cons of enlarging the EU. See UK government spending. “We wanted to offer our products internationally and to distributors, but couldn't do so at U.S. manufacturing costs," she says. Entry to new markets. 0. Share on Facebook. the EU enlargement makes sense in principle but it should start with and where there are common democratic values as well as it should follow with a real integration. The task of setting up a branch and assigning staff can be daunting in … Document Preview. Mar 20, 2014. Pros: This multi-ethnic, multi-religion country could one day be a poster child for the EU’s ability to forge unity from diversity. Before expanding into foreign markets, Labit considered the pros and cons. Subscribe to our newsletter. Increased sales equals more revenue, which can often lead to further business expansions.