Single Market Essay
ot just from the European Side, the rest of the world has not, surely, recovered mentally from the overwhelming departure of The United Kingdom from the long time, close-knit relationship with the European partners. Just a few months ago, Theresa May made it clear that she will not seek for UK to remain part of the EU Single Market. And there came the exit of the once one of the European countries, marking it’s ‘exodus’ financially and politically from EU after less than half a decade since its first registered as a member of European Economic Community in 1973. Because the term ‘Single Market’ was mentioned before, is there anything wrong with it? But here’s a more fundamental question: what exactly is single market? This small article is …show more content…
Regarding the very last factor – labor, due to the structural changes in cultures within member states, it is argued that labor is the most controversial of all, and the recent story of Germany immigration issue is a big, real example. Single market eliminates tariffs and reduces costs and administrative burdens by applying one set of rules across all member states, allowing each country’s consumers and companies to purchase goods and services from across the continent without being supervised. The overlooked advantages of single market does, seriously, raise the question of why the Great Britain chose to rule itself out of the game. Is there, or was there anything wrong with single market? This is the question that requires such thorough insights from the long-time observers who understand not only the mechanic of the market but also the application process from the Unions Regulators from which the controversy peaked – considering the term ‘illusion’. By far, single market has offered the common readers the ‘overall’ view on one of the most concerned economic regions, representing a uniformed, boundless connection between nations with common interests. Beside all the glorified upsides, to many economists, single market does show the dark side of its colors: the
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