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Examine the impacts of any two European Union policies on the Irish economy. - Leaving Cert Geography - Question Exam Question - 2007
Question Exam Question
Examine the impacts of any two European Union policies on the Irish economy.
Worked Solution & Example Answer:Examine the impacts of any two European Union policies on the Irish economy. - Leaving Cert Geography - Question Exam Question - 2007
Step 1
Identify the first policy and its impact
Answer
One significant European Union policy is the Common Agricultural Policy (CAP). The CAP has had a substantial impact on the Irish economy by providing financial support to farmers, which enhances agricultural productivity and income stability. This support allows farmers to invest in modern farming techniques, leading to increased food production and competitiveness in the international market.
Step 2
Identify the second policy and its impact
Answer
Another important policy is the EU Single Market policy. This policy has facilitated the free movement of goods, services, capital, and people across member states. For Ireland, this has meant improved trade relations with other EU countries, boosting exports and attracting foreign direct investment (FDI). The open market environment has enabled Irish businesses to expand beyond domestic borders, thereby enhancing economic growth and job creation.