The
EU is a vast united market, and includes about 400 million residents. The EU
market has no internal borders, and therefore merchandise, people, and capital
move freely there.
Free
movement of services means that any service can be provided within the entire area of
this internal EU market. Free movement of capital means that the right to invest, buy
property and
securities, and use profits freely is ensured in any state within this market. Free
movements of people means the unlimited freedom to live, establish one's own
business, and work in any country which belongs to the EU. The abolition of trade
barriers would make it possible for Ukraine to
take full advantage of this united market. The total volume of trade — as
well as of production of export goods - would rise; this
would permit the exploitation of the advantages
of scale economics.
Admission into the EU would mean fewer protectionist actions taken
against Ukraine. This would both
increase the volume of exports from Ukraine to other countries and encourage investment of foreign capital into the Ukrainian economy. The
appearance of new companies inside Ukraine would augment
competition and lead to a more rational use and distribution of the economic
resources of work and capital. This, in turn, would mean a greater choice of
more inexpensive, higher-quality goods.
Currently,
Ukraine is influenced by
the decisions made by the EU; at the same time, it cannot influence the EU as
an EU member might. Only after having become a member Ukraine would have the
opportunity to influence the decisions and politics of the EU.
Membership in the EU would mean that Ukraine would be required to
contribute dues to the EU; Ukraine would, in turn,
receive funding from the EU budget for the benefit of Ukraine's less
economically developed regions. It could be forecast that payments to Ukraine would be of
greater monetary value than its EU membership dues.
And
so, the benefits Ukraine could derive from
integration into the EU would be the appearance of new markets,
demonopolisation, greater economic efficiency and effectiveness, and an
increase in the supply of goods and services available to its citizens.
Exercise
Put the parts of
the article into the correct order.
The EU market and Ukraine
A)
And so, the benefits Ukraine could derive from
integration into the EU would be the appearance of new markets,
demonopolisation, greater economic efficiency and effectiveness, and an
increase in the supply of goods and services available to its citizens.
E)
Free movement of services means that any service can be provided within the entire area of
this internal EU market. Free movement of capital means that the right to invest, buy
property and
securities, and use profits freely is ensured in any state within this market. Free
movements of people means the unlimited freedom to live, establish one’s own
business, and work in any country which belongs to the EU. The abolition of trade barriers would make it possible for Ukraine to
take full advantage of this united market. The total volume of trade – as
well as of production of export goods – would rise; this
would permit the exploitation of the advantages
of scale economics.
O) Membership in the EU would mean that Ukraine would be required to
contribute dues to the EU; Ukraine would, in turn,
receive funding from the EU budget for the benefit of Ukraine’s less
economically developed regions. It could be forecast that payments to Ukraine would be of
greater monetary value than its EU membership dues.
Q)
The EU is a vast united market, and includes about 400 million residents. The
EU market has no internal borders, and therefore merchandise, people, and
capital move freely there.
U)
Currently, Ukraine is influenced by
the decisions made by the EU; at the same time, it cannot influence the EU as
an EU member might. Only after having become a member Ukraine would have the
opportunity to influence the decisions and politics of the EU.
T) Admission into the EU would mean fewer protectionist actions taken
against Ukraine. This would both
increase the volume of exports from Ukraine to other countries and encourage investment of foreign capital into the Ukrainian economy. The
appearance of new companies inside Ukraine would augment
competition and lead to a more rational use and distribution of the economic
resources of work and capital. This, in turn, would mean a greater choice of
more inexpensive, higher-quality goods.
Key: Q, E, T, U, O, A
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