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Is the expansion of the EU a good thing for Britain? On 1st May 2004 the European Union gained ten new members in addition to the current fifteen EU members. The majority of the new members are Eastern European countries who joined the EU in order to gain stability in a European climate, that is generally more conductive to trade and investment, as well as political and environmental co-operation. The enlargement increases the population of the EU by 20% to around 455M (Table 1) creating the largest multi-country single market in the world, which brings increased and improved trade and investment opportunities. Although the new member states are less affluent than current EU members, their rates of growth are consistently higher. The enlargement has seen a positive effect on stakeholders. A larger market increases the competition between companies; therefore they need to gain competitive advantage, which potentially means a greater variety of choice...

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