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| Details |
| Case Code: CLIBE016 |
| Case Length: 3 pages |
| Period: -- |
| Pub Date: 2005 |
| Teaching Note: Not Available |
| Subject :Business Environment |
| Price:Rs.50 |
| Organization :-- |
| Industry :-- |
| Countries : -- |
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Norway & Switzerland-'To Be or Not To Be'a Part of EU * |
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| The caselet discusses issues relating to the entry of Norway and Switzerland into the EU. It takes a brief look at the arguments for and against Norway and Switzerland becoming members of the EU. |
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Issues: |
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- Advantages of being a part of EEA.
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- Advantages of being a part of the EU.
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- Should Norway and Switzerland join the EU.
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| Introduction |
Norway and Switzerland are the two richest countries in Europe, apart from the minuscule Luxembourg. They have the highest per-capita income of all European countries with the exception of Luxembourg. However, they are not part of the regional trade bloc, the 25-member European Union (EU).
However, both the countries are members of European Free Trade Association (EFTA) and are dependent on trade with the EU to a great extent. They have tried to prosper outside the EU. In fact, Norway has grown twice as fast as Britain over the past 30 years.
The governments of Switzerland and Norway did not win the referendums to join EU that they held in their countries.
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| Questions |
1. What are the advantages for Norway and Switzerland of being part of the EU? Is it beneficial for them to join the EU? Discuss it in brief.
2. Discuss the reasons that might have made people in both the countries reject referendums which proposed their joining the European Union.
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Keywords |
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European Union (EU), European Free Trade Association (EFTA), European Economic Area (EEA), European Economic Area (EEA), Euro, Free Trade Agreement (FTA), World Trade Organization Agreements
* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US
$16) per copy.
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