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European Union Policy Examine how different European Union policies impact on the Irish economy. - Leaving Cert Geography - Question 9C - 2022
Question 9C
European Union Policy Examine how different European Union policies impact on the Irish economy.
Worked Solution & Example Answer:European Union Policy Examine how different European Union policies impact on the Irish economy. - Leaving Cert Geography - Question 9C - 2022
Step 1
Impact on the Irish economy identified
Answer
European Union policies play a critical role in shaping the Irish economy through various mechanisms such as trade agreements, regional development funds, and regulatory standards. One notable impact is the facilitation of trade, which enables Irish businesses to access larger markets within the EU, thereby enhancing economic growth.
Step 2
EU policy named
Answer
The Common Agricultural Policy (CAP) is a crucial EU policy that impacts the Irish economy significantly. It aims to support farmers, promote sustainable agriculture, and ensure food security across member states. In Ireland, CAP funding helps to stabilize farmers' incomes and increase investment in rural development.
Step 3
Examine how different European Union policies impact on the Irish economy.
Answer
In addition to CAP, another important policy is the Cohesion Fund, which supports economic growth in less developed regions of the EU. This fund has enabled significant infrastructure development in Ireland, particularly in transportation and energy sectors, leading to job creation and improved economic conditions.
Moreover, the EU's regulatory framework has influenced various industries in Ireland, such as finance and technology, ensuring compliance with standards that enhance competitiveness. However, it is also important to consider the negative impacts, such as the challenges brought on by increased regulations on small and medium enterprises (SMEs), which can struggle to meet compliance costs.
Overall, EU policies have both positive and negative aspects, and their impact on the Irish economy must be examined from multiple viewpoints to provide a balanced assessment.