Question

How does EU help smaller countries gain wealth

Answer 1

The EU helps the smaller countries gain more wealth through capital investment and opening up larger market.

Explanation:

The EU is the dominant force in Europe, as well as being one of the major players on the global scene. While it seems that the organization is run mostly by its biggest members, such as Germany and France, and in many respects it is, it is an organization that helps a lot to the smaller members.

The smaller countries naturally have smaller economies on their own, and usually are not well developed. The EU, through its funds, invests heavily into infrastructure, which in turn makes it easier for the economy to prosper, but also make the country more attractive for tourism.

Another major thing is the opening of larger market. A small country, more often than not, is not able to compete with the larger countries on the market. The EU though is an organization where all the countries collaborate and support each other, going as one on the global market. This opens up lot of new markets for the smaller countries, so they are able to further develop their industries, produce more, and sell more, thus make more wealth.