EU Enlargement
- Created by: sammilaw
- Created on: 11-04-16 20:30
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- EU Enlargement
- Chapter 19
- For:
- Larger export and import market
- Increased output
- Increased profit
- Increased investment
- More choice and opportunities
- More competition = more efficient
- Larger pool of (cheap and ranged skills) labour
- Growth of new members aids long term UK growth
- Wages down = inflation down = IR down
- Against:
- Risk of firms out-sourcing labour to other countries
- Rise in migration = overcrowding = pressure on public sector
- Pressure on taxpayers = opportunity costs
- Small firms may not be able to compete
- Growth in net contribution
- Increased probability and severity of global shocks
- More regulation
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