Explaintheconceptofeconomicintegration.Whyinternationalbusinessesand their managers from all industries should be aware of this concept, considering its advantages and disadvantages?

As discussed in the class sessions, some unpredictable problems/situations/events arisen may create obstructions in the operation of international business or international trade. As such, discuss the Brexit and Coronavirus (Covid19) that have affected the economy of EU and the UK. What are the possible impacts they have made on the EU and the UK economy?

ExplaintheconceptofSingleEuropeanMarket(SEM)consideringthepurpose and principles of having SEM. Also explain how business managers take advantage of SEM to globalise their firms, and why.

10.Taking the case of the SEM, explain how the European businesses contribute to harmonisation in the region.

11.Why a fair competition is important in international business? Referring the EU law, discuss how competition is facilitated and controlled within the region.

12.Mergers between companies, typically large ones, may be unfavourable in terms of a fair competition in market. Taking this into account, discuss why mergers are regulated worldwide, and how.