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Essay / Research Paper Abstract
This 5 page paper considers historical context of the EU, looking at the events that led the development of EU, the current stage of development, the countries in line for joining the EU and the conditions they will need to fulfil to gain membership. The paper then briefly considers the import and export trade levels between the EU and the US. The bibliography cites 5 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEeuback.rtf
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Unformatted sample text from the term paper:
after the Second World War. Winston Churchill referred to he new Europe eventually becoming a United States of Europe. The purpose of this was to draw countries closer and prevent
another war, financial integration should be an effective way of controlling this as the financial cost of war would be to great due to the integration.
The European Union developed as an essential extension of actions beginning with the Marshall Plan of 1948, following the end of the Second World War.
The plan, which moved European countries into unifying action and called for the reduction of trade barriers, tariffs and the implementation of currency controls, was hoped to demonstrate the effectiveness
of a free European internal market (Palmer and Colton, 1969). Where countries had interdependent financial markets there was a lower possibility of war.
By 1952, economist and theorists had developed a number of plans to promote the economic integration and strength of the European collective (Palmer and Colton, 1969). Robert Schuyman
and Jean Monnet developed a plan to unify six of the industrial countries in the region, France, Italy, West Germany, Belgium, the Netherlands and Luxembourg, under the European Coal and
Steel Community (ECSC) (Palmer and Colton, 1969). The ECSC was created to bring the natural resources of these countries together, pooling coal and steel resources to improve production and
trade (Palmer and Colton, 1969). The success of the ECSC was demonstrated by increase production levels and the ability of these countries to determine pricing and set specific policies
(Palmer and Colton, 1969). But the more important impact of the ECSC was that the agencies and organizational structure of the supra-national grouping established the groundwork for the economic
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