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Examine how European Union Policy influences economic activity in Ireland. - Leaving Cert Geography - Question C - 2016

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Examine how European Union Policy influences economic activity in Ireland.

Worked Solution & Example Answer:Examine how European Union Policy influences economic activity in Ireland. - Leaving Cert Geography - Question C - 2016

Step 1

Identify influence on economic activity

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Answer

European Union Policy has a significant influence on economic activity in Ireland. The policies enacted by the EU can affect trade regulations, agricultural policies, and financial support mechanisms, all of which play a vital role in shaping the economic landscape of member states like Ireland.

Step 2

First influence on economic activity

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Answer

One major influence is on trade. The EU single market allows for the free movement of goods, services, capital, and labor across member states. This policy enables Irish businesses to access larger markets, increase exports, and enhance competitiveness.

Step 3

Second influence on economic activity

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Answer

Agricultural policies regulated by the Common Agricultural Policy (CAP) provide financial supports to farmers in Ireland. This significantly impacts agricultural productivity, rural development, and sustainability, ultimately influencing the overall economy.

Step 4

Mention of EU policy

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The EU financial instruments and funding programs, such as the European Regional Development Fund (ERDF), also contribute to economic activity by providing necessary investments for infrastructure and development projects in Ireland.

Step 5

Discussion without reference to European Union Policy

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While discussing economic changes without directly referencing EU policy could yield insights into domestic factors affecting Ireland's economy, it limits the analysis of the comprehensive framework established by these policies.

Step 6

Conclusion

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Answer

In conclusion, European Union Policy exerts a multifaceted influence on Ireland's economic activity through trade facilitation, agricultural support, and structural funding, thereby shaping the overall economic growth and sustainability of the nation.

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