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Essay / Research Paper Abstract
This 6 page report discusses the European Union and its possible future. There are, of course, numerous critics around the world who are convinced that the entire process has only one logical outcome – disaster. Initially, both corporate and political leaders feared the creation of a “fortress” Europe. However, many are now convinced that the move toward regional integration will reduce the costs and risks of doing business, as well as furthering positive social policies. What the EU will look like in the next decade is debatable. However, this report highlights the many potentially positive outcomes. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: D0_Bweu2010.rtf
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Unformatted sample text from the term paper:
Union has gone on for decades. Now that the end of the 20th century is at hand the political, business, and financial worlds wonder "what happens next?" There are,
of course, numerous critics around the world who are convinced that the entire process has only one logical outcome - disaster. The majority of them claim the process will irreparably
disrupt the stability of individual nations as well as international markets. They also believe that the problems will appear as a result of the loss of monetary sovereignty that might
outweigh any of the benefits of the single European currency in the united Europe. Initially, both corporate and political leaders feared the creation
of a "fortress" Europe when the concept of monetary union as well as an international union arose in the 1980s. However, many are now convinced that the move toward
regional integration will reduce the costs and risks of doing business by removing internal trade barriers and lowering foreign-currency-related costs which has already led to stepped-up foreign investment in Europe.
To bolster their presence and take advantage of the lower costs of doing business inside the Euro zone, U.S. firms are establishing regional centers on the Continent, acquiring smaller European
competitors and building manufacturing facilities aimed at regional sales (Iritani D1). As a further result, the managers of many American portfolios have also jumped on the bandwagon to assure
that their clients are part of the start-up growth and expansion of such projects. All of these factors point to a future that
is likely to exhibit strength and stability that will result in higher economic growth, lower unemployment, and a lessening of the socioeconomic barriers of European citizens. It is unlikely
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