EU membership | Utopia, you are standing in it!

Actual and synthetic real per capita GDP and real per worker GDP in the 1973 EU enlargement

27 Apr 2016 Leave a comment

by Jim Rose in economic history, international economics Tags: British economy, Common market, customs unions, Denmark, EU membership, European Union, Ireland

Source: How rich nations benefit from EU membership | VOX, CEPR’s Policy Portal.

Are there net saving from a British pull-out of the EU?

31 Jul 2015 Leave a comment

by Jim Rose in currency unions, economic growth, Euro crisis, international economics, macroeconomics Tags: British economy, customs unions, EU, EU membership, free trade areas, international economic integration, preferential trading agreements, regional integration

Ukip claims that there is a net saving from pulling out of EU are highly debatable: http://t.co/TemtNC9gnN—
C4 News FactCheck (@FactCheck) April 02, 2015

Why did Britain join the EU? A new insight from economic (and political) history

11 Feb 2015 Leave a comment

by Jim Rose in Euro crisis, international economic law, macroeconomics Tags: British economy, EU membership, European Union

Mostly Economics

Nice article by Nauro F. Campos and Fabrizio Coricelli on UK-EU history.

It tracks the history behind the two regions and why UK eventually joined EU in 1973:

Britain eschewed EU membership in the late 1950s but changed its mind in the early 1960s, only to be rebuffed by Charles de Gaulle. Membership came only in the early 1970s. This column argues that, among others, Britain joined the EU as a way to avoid its economic decline. The UK’s per capita GDP relative to the EU founding members’ declined steadily from 1945 to 1972. However, it was relatively stable between 1973 and 2010. This suggests substantial benefits from EU membership especially considering that, by sponsoring an overpowered integration model, Britain joined too late, at a bad moment in time, and at an avoidably larger cost.

Hmm..

This has implications for today as UK decides whether to stay or not:

Prime Minister Cameron…

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