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Essay / Research Paper Abstract
This 10 page paper considers the impact of Europe ion trade for a UK company. The writer looks at the effect of membership on UK economic policy, the patterns of trade between member states, the implications for UK organisations of the enlargement of the EU and how UK organizations mat find opportunities for selling in other EU states. The bibliography cites 8 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEtradep.rtf
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Unformatted sample text from the term paper:
European currency is an extension of this impact, and for companies that are trading in Europe, but outside the Eurozone, there is a need to understand why this may impact
on the country. To consider this we will take a fictitious example of a company; Sugar Ltd, a UK company that manufactures sweet products such as candy. The company will
see the impacts in terms of the overall impact on the economy as well as the more specific changes that it will have to face. II. The Euro
The development of the single currency is one that has changed the way many countries operate. The European Monetary Union is clearly one of the most ambitious economic plans in
international history. When it is fully enacted, it will govern the economic and policy determinations of over 400 million people in 15 European countries, and will result in the
largest gross national product in the world (Schlessinger, 1994). The development of the European Monetary Union has called into question a number of major points, including concerns that
the EMU might not support the individual national interests or policy determinations of the member countries, especially in terms of foreign policy decisions and international financial developments (Davies, 1996). As
a result of this there have been concerns that the single currency may cause the collapse or the weakening of the markets in particular countries.
The UK has decided not to join this single currency, and as a result there have been fears that the country will be left out in the cold,
with investments disappearing and the economy suffering a withdrawal of investors as it becomes more expensive due to the need for exchange rates to be considered as well as the
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