Write 8 page essay on the topic International trade and investment patterns.
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What is the significance of a single European Market for EU-based companies? What are international trade and investment theories involved in the economic integration of Europe? Given emerging economies like China and Russia, what is the significance of a single European Market for both the emerging economy and the EU-based companies? What strategies can EU companies adopt to benefit from the rise of the emerging economies? These are among the questions that will be addressed by this report. The primary objective for the report is to illustrate the importance of economic integration both for European business companies and the emerging economies. II. Main Purposes of the European Union and Forms of Economic Integration The official webpage of the European Union emphasised that one of the key goals of the European Union is to “foster economic cooperation” (Economic Union paragraph 20). However, “what began as a purely economic union also evolved into an organisation spanning all policy areas, from development aid to environment” and the name change from the European Economic Community (EEC) into the European Union or the EU in 1993 “reflected this change” (European Union paragraph 3). …
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