At 10:20 AM 5/1/2004 -0400, you wrote:
>A Cato speaker argued strongly that accepting the eruo soon would be
bad for the new members, since they would give up a means to manage
their economies, whose needs are substantially different from the
rich members under whose control the euro is.<
>An interesting moment was when a Cato speaker harped a bit on Paris
that instead of trying to dominate Europe, it should try to show
genuine leadership. And one of the European participants responded
that he felt no particular need for anyone's "leadership."<
Thanks Martin. Twenty five nations with a population of 455 million
is impressive. I'm going to have to get a better understanding of
the structure and operation of the EU. If, as was mentioned, Russia
and perhaps Ukraine were to become members that would put the
population near one billion and greatly increase the natural
resources available to the Union. I have no idea if the addition of
those two nations is feasible.
From the Washington post:
"The population of the EU will increase by 20 percent to 455 million
inhabitants and the group will add nine new official languages. The
new members also add $548 billion to the EU's collective GDP bringing
it to $11,891 billion. The increase in population will make the EU
the largest trading block in the world in terms of population but it
will remain second to the United States -- which has a GDP of $13,712
billion --as an international economic force."
I can understand why some in this country are a bit concerned about
>What's never discussed, though, are any potential pressures on the
new members' labor markets from other new members. The Czech R. and
Slovakia have kept their labor market mutually open since their
split, but the others haven't.<
I was thinking of that. In particular, competition from Polish
workers might be a problem. The East Germans, who have yet to catch
up with their western countrymen, seem to fear the influx of Polish
workers and the Poles worry the Germans will buy back all the land
ceded to them after the war.
Also from the Washington Post, "But across Western Europe, millions
of people would rather not shoulder the cost, both in taxes to
underwrite the modernization of newcomer nations and in the potential
jobs lost. "
Wars, globalization, etc., brings to mind the Chinese curse, "May you
live in interesting times."