Question;

Discursive Essay (500 words) – Answer the following question:

In light of the discussions around British EU membership, discuss whether a British exit from the EU would be advantageous or disadvantageous from a business point of view.

Seven sources: two of which should be from academic journals, two from news sources (e.g. FT, Economist, other broadsheets etc.) and at least one textbook source, one digital media source (e.g. blog, tweet) and one public speech

These are criteria for assessment: intellectual qualities expressed, structure and organisation, level of reading, quality of referencing, and writing style

Structure – Begin your essay with a thesis statement – one or two sentences that condense the argument or analysis to follow. (e.g. Lobbying created benefits for businesses for X reasons, specifically … Or e.g. In retrospect, it was not in the best interest for Eastern European member states to join the EU because …). The thesis statement is then followed by an introduction, which outlines both the essay’s structure and the main points for discussion. The body of the essay is where arguments should be developed, and proved or disproved according to the evidence. Be sure the discussion here is relevant to the topic at hand. Finally, summarize key points made throughout the essay and highlight any conclusions to be drawn.

Argument and Content – The argument refers to the ‘point of view’ to be discussed. It should be captured by the thesis statement. The argument or point of view should be clearly developed throughout the essay, and supported by the evidence and analyses.

Supportive Evidence – You must use evidence – relevant and reliable information, figures and/or examples (e.g. pertaining to countries, industries or businesses) – to support your argument and the claims made.

Referencing – Use the appropriate reading materials – articles (academic and non-academic articles), books, reports etc. – to back up your argument(s). Regardless of whether or not a work is quoted from directly or indirectly, all work cited in the BODY of the submitted piece of work must have the author’s name and date published in parentheses following the citation (e.g. Jones and Smith, 2005; or Johnson, 2010). If the work is quoted from directly, page numbers must also be included. Work cited must be listed at the end of the essay in a section titled ‘References’. Please use the Harvard Style of referencing here. References must be listed in alphabetical order, and written up consistently and accurately. Also, the essay must be an original piece of work and students should not be working together. Plagiarising the work of others, or work produced by the individual student for another project, will result in a mark of ZERO.

Style and Presentation – Essays should be double-spaced. Be sure the essay is well structured and contains accurate spelling and grammar. Sections of the essay should be highlighted with the appropriate headings. Headings should describe the issue(s) to be discussed. Also, please note that signposting is very important. In essays this is where you signal to the reader, at the beginning of each section, the direction you will take (the structure you will adopt – e.g. this section discusses three key reasons why lobbying is beneficial for European business, including …).

Answer;

Britain has been a long-time member of the European Union and therefore it is would not be the best idea for it to leave the Union. This is because it would lead to more economic loss than gain. There have been numerous debates to discuss whether Britain should cease being a member of the European Union or not (Duff, 2013). Since the introduction of the euro, Britain decided not to take part, and the financial crisis affecting the euro zone has strengthened its position. This paper examines the impact of Britain’s exit from the EU membership. In addition, it will bring into light whether it would be an advantageous or disadvantageous idea.

By being a member state of the European Union, Britain is part of the world’s largest single market with a minimum of 4-5% Gross Domestic Product. Investment flows across borders inside the EU have doubled due to the introduction of a single market. As the EU’s leading investment destination, Britain is a key beneficiary accounting for around 47% of its stock of inward FDI at the end of 2011. According to Cameron (2009), majority of the CBI members advocate that the ability to invest in other EU nations without restriction has had a positive impact on the growth of business. The easy access to the European Union single market due to reduction of trade barriers has helped in attracting investment in Britain from other EU members.

The free movement of labour has brought more benefits to Britain’s economy. British employers have made extensive use of this access to a larger potential workforce in order to tackle some of the UK’s skill shortages (British Influence 2014). About 63% of CBI members say that the ability to recruit and transfer staff from across the EU has been positive for business. Moreover, Britain’s net contribution to the European Union budget is around 0.4% of GDP (Cuaresma, Ritzberger-Grünwald, & Silgoner, 2008). This represents about a quarter of what Britain spends on business department, innovation, and skills and less than an eighth of what it spends on defence. Thus, according to the Economist, the 116 Euros per individual contribution is less than that from nations such as Netherlands, Denmark, Sweden, and Finland.

EU competition law has been of great importance in opening up previously closed markets to new entrants, enabling British companies to expand on the continent.  It has also enabled market monopolies to be tackled in a way not seen before in Europe such as the Commission’s action against Microsoft (Bache, George, & Bulmer, 2011). In addition, a key benefit from the single market is that businesses only have to deal with one set of rules rather than 27 different sets of rules when exporting to or operating in more than one EU member state.  Although harmonisation has caused difficulties in some sectors, the overall benefits have been considerable (The Guardian 2014).

In conclusion, Britain existing EU membership is expensive, it has a great chance to make it better and all the alternatives are admirable. In fact, it would be a historic error to pull out of the European Union. The Britain economy would suffer a great deal if it quit and its global influence would be diminished. It is clear that the benefits of remaining being a member of the European Union outweigh the disadvantages; hence Britain should maintain its position.

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