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- What effect did creating a single market and single currency within the European Union have on the competition within the European Union?What impact did the introduction of the euro have on economic integration within the European Union?How has money laundering affected international trade? Discuss the effect between developed and emerging economies.
- Despite having a customs union, countries in the EU implemented a series of quality, health and safety regulations that could affect imported goods from EU members in the 1980s. What would be the impact of creating those frictional barriers on producers, consumers and the EU? What would be the impact of those frictional barriers on the overall trade between members of the EU and between the EU and the rest of the world? What was the solution implemented to prevent these frictional barriers?Why have some countries rejected the single currencydespite being full members of the European Union?What are two significant aspects of the domestic economy and one significant aspect of the international economy