L1 International Business
major differences between international business and domestic business
A. differ Tigers, the ASEAN countries, Russia, India and Australia
L3 Regional Economic Integration
1商务知识
major objectives of regional integration
to better enjoy the benefit of free flow of goods,services,capital,labor and other resources.
four levels of regional economic integration
A. free trade area
absence trade barriers;
the North American Free Trade Agreement(NAFTA, formed by US,Canada and Mexico);
B. customs union
absence trade barriers; practice of common external policy;
Southern Cone Customs Union (Mercosur, formed by Argentina, Brazil, Paraguay and Uruguay in 1991);
C. common market
absence trade barriers; practice of common external policy; free production factor mobility;
the European Community(1967-1994,became a true common market in 1992);
D. economic union
absence trade barriers; practice of common external policy; free production factor mobility;
integration of the domestic policies;
European Union;
European Union(EU)
A. history
the European Coal and Steel Community(ECSC,1952);
the Treaty of Rome(1957,signed by France, Germany, Italy and the Benelux countries);
the European Economic Community(EEC,1957-1967);
the European Atomic Energy Community(EURATOM,1957-1967);
the European Community(formed by merging ECSC,EEC and EURATOM,1967-1994);
the Single European Act(1992);
the Maastricht Treaty(1994);
the European Union(1994-);
B. structure
the European Commission(executive body);
the Council of Ministers(decision making);
the European Parliament(membership application and trade agreement approval);
Asia-Pacific Economic Cooperation (APEC, has 21 members)
A. the Seoul Declaration(1991);
B. a five-layer organizational structure:
the Informal Meeting of Economic
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