Economics of the European Economic Community
Economics of the European Economic Community
The prospect of a united Europe has been in the minds of people since ancient times. In history, there have been many attempts to unify the European continent as one such as Charlemagne, Napoleon and Hitler. It is only now that the unification of Europe seems to be possible through the goal of the growing organization in Europe called the European Economic Community (EEC), or the Common Market. The EEC was in the process of cooperation and integration, which began in 1958 with only six members. Now the members who united are: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxemburg, Netherlands, Portugal, Spain, Sweden, United Kingdom or Great Britain, and Northern Ireland. There countries all united for the same objectives which are expanding trade with other regions of the world, reducing tariffs among the member countries, lowering prices for consumers, and expanding employment and investment opportunities. While the nations of Europe try to work together towards this common goal of a unified Europe, it is necessary to look at the situation and ask if the EEC is truly having an effect on Europe.
Single Market
Part of the EEC is the free movements of goods. This applies to products within the members of the EEC. This movement involves abolishing custom duties, number amount of restrictions on trade, and the establishment of tariff within the community. This was made to eliminate obstacles of trading and now viewed in creating the internal market, which is when goods could move as freely as on a national market. A good effect of the uniting of the nations is the opportunity the workers can have. It would increase the community’s workers’ chances of finding work and adding to their professions because there will be no more boundaries. This would encourage many workers and encouraging the mobility of workers, as a way of stimulating the human resource response to the requirements of the employment market. Workers would process contracts throughout the community and this would promote mutual understanding, creating an even closer union among the people of Europe. This would be the main aim of the treaties.
To eliminate the discrimination of professions, EEC agreed on free to exercise their profession throughout the community. This intention was mainly to ensure that self employed was able to freely exercise their professions in terms of establishment or freedom to provide services,...