The European Union

The European Union is an economic and political union of 27 member states which are located primarily in Europe. It include European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union and the European Central Bank four parts.

Firstly, let's talk about the benefits of joining the European Union.The European Union provides a 340 million population market, and it is greater than the United States. It was able to achieve scale economy, especially it can provide high initial research cost of complex products. Foe example, computer, medicine, Ultra-high speed of sound plane and modern weapons.So, the EU enterprises can complete more effectively in the international market.

On the other hand, let's discuss the shortcomings of joining the EU. The EU's political integration process lags far behind its economic integration process. So, some economic policy is prevented in EU. However, all members economic strength is not the same. So,it has many problem about the implementation of the policy.