The aim of this paper is to prepare an article for a UK company that has operations in the Czech Republic describing the effects on the company of the Czech Republic's admission into the Union. The rest of the paper is organised as follows: Section 2 describes the European Union how the admission of the Czech Republic into the Union has affected our chosen company, Section 3 presents a syllabus of the main points to be included in the article and Section 4 is a presentation of the article as it will be published in the companies periodicals.
The European Union was formally established in 1992 by the Maastricht Treaty (Palmowski, 2003). The Maastricht treaty brought together the 3 pillars including: the European Community (EC) whose decisions were governed by the European Commission, the European Council and the European Parliament and guarded by the European Court of Justice; the Common Foreign and Security Policy, which is determined on the basis of intergovernmental cooperation in the European Council alone; Justice and Home Affairs. (Palmowski, 2003).
The European Union was formed as a continuation of the process to promote an economic and political Union in Europe which began with the formation of the European Community after the Second World War. (Palmowski, 2003). In addition, in the 1980s, Europe became more concern about the internationalisation and globalisation of trade and politics in which small European States could only have an influential voice if they acted in coordination with each other. (Palmowski, 2003).
The European Union originally comprised 12 Nations including Belgium, Denmark, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, and the UK who were joined by Austria, Sweden, and Finland in 1995 and by Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, and Slovenia in May 2004. (Law, 2006)
According to Davies et al. (1996), the Czech Republic alongside Hungary and Poland has been on the forefront of reform and the transition to a market economy. It has achieved a high level of success in its transformation to a market economy, putting in place the infrastructure for business and its legal framework. (Davies et al, 1996). In addition, It has succeeded in transferring a relatively large portion of its industry to the private sector. It also offers a stable environment for doing business. (Davies et al, 1996).
3. Sylabuss of the Main Points to Be Included in the Article.
Following from above, a company that has business relationships with companies in the Czech Republic is likely to have a very successful business given that the Czech Republic is currently providing a very promising and encouraging business environment for companies operating in the Czech Republic.
According to Keiron Root, the Czech Republic is currently offering competitive advantage to companies operating there resulting from low wage levels, flexible labour relations, and relatively low inflation. The latter inplies that companies