The Greek challenge for European economic integration Dissertation

The Greek challenge for European economic integration - Dissertation Example The paper scrutinizes the likely economic effects to individual European nations as a result of the exit of the Greek nation with the burden of the debts incurred with entry into the euro zone and the use of the Euro as a result. Introduction Economic integration among countries involves the countries joining hands to achieve one economic goal. When countries integrate economically they benefit in the increased revenue as a result of the reduction of the trade tariffs. The reverse is true for the countries not in economic integration as such countries will suffer high trade tariffs set by their counterparts that will in the long run make trade expensive and not easy to run. Economic integration involves countries making their counterparts easier to trade with. This involves coming up with a common currency akin to the Euro that is used by the states in the European Union as a form of currency. The countries can also make trade between them easier by providing goods and service needed by the one country say x in exchange for what the other country say y produces and is needed by x. The main concepts of economic integration include the following. ... It was originally formed by six countries that are Netherlands, Luxembourg, Belgium, Italy, Germany and France. Currently the union boasts a list of 27 members after entry of other European countries over the years. The idea to come together as united nation was informed by the following. To help rebuild each other after the economic destruction occasioned by the World War 2. This was also meant to foster peace and stability in the European countries through economic development as economic instability was perceived to bring about political instability through support of growth of extremists in facism and communism. This was informed by the breaches done during the world war and efforts to heal the wounds so caused as a result. Further the integration was meant to foster bilateral ties between the European nations. In addition the intergration was meant to bring unity between east and west Europe that was separated and to counter threat from the Soviet Union. After the formation of t he European Union, countries in the union decided to come up with a common currency to facilitate trade between the member nations in the bloc. With the use of a common currency the countries are able to carry out trade efficiently and the transactions are effective. The Greek nation Greece is a member state of the European economic integration. It is said to have joined the euro zone in the year 2001. Initially, the union was only meant for the country in the higher upper end like Germany and France as opposed to the countries in t he periphery like Greek. The country however, managed to convince the members of the euro zone for it to be considered into the integration. This Greek nation thought will help prosper it economic growth with the

Industrial Activity and Environment in China Article

Industrial Activity and Environment in China - Article Example There is a need to find some ways to enable economic growth as well as reducing the environmental pollution. The article discusses the economic aspects with respect to the environmental perspective. However, China is considered as the reference country to depict the industrial growth and the concentration of different harmful pollutants to the atmosphere. As China has the world’s biggest population, the number of industries in China is increasing day by day and with the increase China has become the biggest producer of carbon dioxide. It is estimated that with this massive amount of air pollution about 300, 0000 people die annually. There is a need to consider the environmental health with the economic growth. Despite the fact that the China has the world’s biggest population, the average air pollution decreased due to the certain efforts of China’s environmental regulatory authorities. Results show that the average atmospheric SO2 levels decreased around 1997 to 2002, while, a little increase was seen in 2000. However, an increase in the average atmospheric SO2 is seen around 2002 to 2004. Similarly the average level of soot emission also decreased around 1997 to 2002 and a minor increase was seen around 2002 to 2004. The similar case is with the dust emissions from industries. These are the three major components of air pollution. The decrease in these three components consequently lowered the pollution intensity, which was at the recorded level in 1998 and now it is on the lowest level. The major producers of the pollutants are the China’s manufacturing industries like the steel/iron industries in China. Thus the industries are considered as the dirtiest industries among all other.