To What Extent Do the Groupings of Nations Benefit Their Populations

In: People

Submitted By ctully1
Words 1315
Pages 6
Most of the world’s nations belong to groups, groups that give certain benefits to their members and their people. Member countries of groups benefit from economic policies and/or social policies. Groups like the EU (European Union) and the UN (United Nations) offer their members Economic, trade related benefits and social benefits like freer movement of people between member countries. There are both advantages and disadvantages for citizens of member countries as well as their governments. The offered policies have a direct effect on the population of a country and often help their country move forward and develop at a quicker rate.

The EU is a grouping that includes most European countries, the point of which is to offer member countries free trade as a result of being part of a single market trade organisation. This means that, because goods don’t have to travel over economic boarders, otherwise existing trade tariffs do not have to be paid by countries trading with each other. This is an economic benefit to being a member of the EU. This makes it much more cost effective for businesses that trade in physical goods, to trade with other EU members. Such benefits have attracted foreign companies like Japans, Toyota motor company to move their production lines to EU member countries like the UK. They do this so that they can easily move people, products and money around Europe. This brings about big benefits for the population of a country as a TNC like Toyota will employ thousands of people to work on their assembly lines and more advanced job opportunities for graduates, for example. Large TNC’s that offer products like cars trade huge amounts of produce, so avoiding tariffs can save TNC’s a huge amount of money over smaller businesses. It is these large companies that employ the most people so luring them into EU countries with the promise of cheaper trade is…...

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