The European Union is an organization of countries. It also is the largest most powerful common market. It has a huge population of almost 457 000 000. Some of the things that the European union is working to develop are security policies, citizen rights and regional development, also environmental protection.
Some of the advantages of the European Union are increased trade, the amount of subsidies to the east. Their are also no restrictions onthe movement of people, capital goods and services across national borders. Since the European Union is a common market. A common market is the strongest form of regional integration. Regional integration is a process in which states enter into a regional agreement in order to enhance regional cooperation through regional institutions and rules.
Some disadvantages of the European Union are: Changes in the economy will form new economic patterns and many industries will not be able to compete with lower costs.With free movement of labour and capital, the most skilled workers may get higher benifets and wage weakening the other people in the economy. There can also be a loss of independence in many areas.
An example of the disadvantage that is happening right now is the excess debt in Greece. Greece is part of the European Union and since they are in debt they do not just suffer their country but the whole union.
I do not think that Canada and the United states and Mexico should form a union. Especially at this time. The American economy is still recoverying and is still in a lot of debt. Mexico may have many resorts but it also has many poor communities. We are better off independent for the most part.
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