The development of two EMU member countries Germany and Ireland
What are the similarities and differences between both states' positive development
- DOI
- 10.2991/978-94-6463-098-5_50How to use a DOI?
- Keywords
- European Monetary Union; European integration; Germany; Ireland; Development; Comparison
- Abstract
After the European Monetary Union (EMU) was established, every member state participating in the union was influenced positively or negatively including two founding members Ireland and Germany. Among all the members, Ireland and Germany both experienced an upward development but their reasons of development and primary situation are not very different. By analyzing and comparing different sectors including culture, economy and agriculture of these two countries, it came to the result that Ireland’s rapid growth was more related to joining the EMU, and it has undergone successful economic and cultural transformation. However, Germany also developed throughout the centuries but not only depending on the EMU, especially from the economic aspect. Although they both can be considered as a winner according to the flourish development, the economic tendency, cultural shifts and industrial developments are not identical at all. From these two case studies it can be extended to the fact that the establishment of the EMU impacted countries differently. It can be both based on its economic and political decisions before joining the EMU and their later performances as well.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Yichen Sun PY - 2022 DA - 2022/12/27 TI - The development of two EMU member countries Germany and Ireland BT - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) PB - Atlantis Press SP - 443 EP - 455 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-098-5_50 DO - 10.2991/978-94-6463-098-5_50 ID - Sun2022 ER -