Verified Document

New World Order Seems To Term Paper

" (Akademie de) Consider that Germany and France are ranked 1 and 3 in regard to GDP per capita and Slovakia and Slovenia are some of the poorest nations of Europe and therefore offer much less. In Euros, Germany has a 23-012 GDP per capita of 108.7%, France has 23-915 of 113.0%, Slovakia 10-857 of 51.3% and Slovenia 15-941 of 75.3%. The latter are both very close to the bottom of the pack. The following table also shows the disparities in the nations' economies as compared with the EU as a whole.

Member State GDP in billions of $ (USD) GDP

% of EU GDP per capita in $ (USD) Public Debt

% of GDP Deficit

% of GDP Inflation

% Annual Unemp.

Slovenia 43.3-0.4% 21-695 29.4-1.9-2.8-5.8 (Wikipedia)

The newer countries entering the EU do not have the same economic might as the original nations. In fact, they are basically poor. France and Germany may have high unemployment figures, but when compared with Slovakia and Slovenia and the overall national output, the larger nations can allow their economies to offer more to stimulate the EU. The average unemployment rate of the European Union is at 8.9% but only Slovenia is below that average. In addtion, Slovakia is riddled with debt so the fact that it sports a higher than sixteen percent unemployment rate means much more when compared to its potential for economic output.

Country

GNI (PPP) per capita

GDP (PPP) international dollars millions of international dollars

France

Germany

Slovenia

Slovakia

EU-25

Akademie de)

These...

When East Germany and their high unemployment, outdated manufacturing facilities and cash poor economy was mixed with West Germany's, it was quite a challenge to make the endeavor work. The same can be said for these two East European countries. The addition of these poor economies hurts because neither is a viable trading partners for the majority of the other EU nations. Both Slovakia and Slovenia are behind in the realm of technology and industry and that will in turn create a slow down on any progress the EU has made or will make.
In conclusion, the European Union enjoyed significant trade surpluses when compared to the ever widening trade deficit here in the United States. but, with the addtion of ten new nations in 2004, the European Union has begun to show signs of becoming stagnant in regard to economic growth and employment. Of course, economic performance varies from state to state within the union. This entails that some states are carrying others and this report has aimed to show that this trend came about with the ten new addtions to the European Unon in 2004. Countries like Slovenia and Slovakia may not provide the necessary stability needed to maintain an overall EU GDP growth potential.

Works Cited

Akademie de. European Union. Free Definition. Ed. Wikipedia. 2005. Retrieved on 1 May 2005, from Akademie de at http://www.free-definition.com/European-Union.html

Wikipedia. European Union. Ed. Free Encyclopedia. 2005. Retrieved on 1 May 2005, from http://en.wikipedia.org/wiki/European_Union

Economics

Sources used in this document:
Works Cited

Akademie de. European Union. Free Definition. Ed. Wikipedia. 2005. Retrieved on 1 May 2005, from Akademie de at http://www.free-definition.com/European-Union.html

Wikipedia. European Union. Ed. Free Encyclopedia. 2005. Retrieved on 1 May 2005, from http://en.wikipedia.org/wiki/European_Union

Economics
Cite this Document:
Copy Bibliography Citation

Related Documents

New World Order What the
Words: 580 Length: 2 Document Type: Term Paper

G., France; Great Britain, Germany) to engage, along with itself, in its war on terrorism. Most other countries in the world currently feel extremely alienated from and hostile toward the United States. In my own view, within today's new World Order, the United States needs to become more of an ally to other countries, and less of an international bully. As Kissinger (November 8, 2004) similarly observes: Today the U.S. acts

How Explorers Saw the New World
Words: 550 Length: 2 Document Type: Essay

Collision of Two Worlds Christopher Columbus, Hernan Cortes and Bernal Diaz all wrote very positive and glowing reports about the New World, which seem to have been in conflict with some of the harsh realities that they certainly encountered when they came to the New World. However, the fact that their glowing reports omitted some of the harsher aspects of their "discoveries" does not imply that any of these men were

New World an Analytical Book
Words: 608 Length: 2 Document Type: Term Paper

Knoke is on slightly surer ground as he predicts the contraction and demise of influence of multinational central banks and other depository institutions, as the World Bank has retracted in its influence. However, when he predicts the end of gigantic corporations because of regionalization, he neglects to consider the formidable force and potential of the Internet. Of course, corporations may become smaller within the next ten years as the world

September 11 and the New Emerging International
Words: 4078 Length: 15 Document Type: Term Paper

September 11 and the New Emerging International Order America and Europe in the New World Order This is a paper that outlines the international order in American and Europe in the formation of New World Order. It has 11 sources. As the War in Iraq takes place, and people hope for a quick end to all conflicts around them there is deep thought continuously being given to the emergence of a new

Brave New World Largely, the World State
Words: 1533 Length: 5 Document Type: Term Paper

Brave New World Largely, the World State is able to control society through technology in this fiction, set in the year 2540, or for 632 years after the creation of the first Model T. car by American industrialist Henry Ford. This is the Central London Hatching and Conditioning Centre, a savage reservation in New Mexico, a Utopia, where no family life has existed for more than six centuries. Human life is

Canadian Foreign Policy a Brave New World
Words: 2299 Length: 7 Document Type: Reaction Paper

Canadian Foreign Policy A brave new world - Canadian Foreign Policy in the New Millennium According to Granatstein (2012) the world is really changing at a fast pace. Most of the Impact hinges on progressively on the strength of financial relations, despite the fact security matters, some of a new order, are continuing to give Canada a challenge. History in the Canadian foreign policy does show that the amount of our achievement

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now