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.

Download article (PDF)

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  -