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What is the European Union (EU)? Discuss how the EU affects both Europe and international managers working in Europe.
The European Union is an economic and political union of 27/28 member states that are located primarily in Europe.

How would you characterize the chinese economy today? * Improving by using advance technology * Product development as in imitating other products * Expanding business through the world as in building business in other country * Successful economy due to overtake US * Offers big opportunities for foreign investment

What is the purpose of the North American Free Trade Agreement (NAFTA)? Do you think it has been effective? Why or why not?
NAFTA purpose was to bring faster growth, more jobs, better working conditions, and a cleaner environment for all as a result of increased exports and trade. It is secondary purpose was to make these countries more competitive in the global marketplace.
Advantages
It has been effective due to the result shown that it has been eagerly successful in achieving it. Now it was the largest free trade agreement in the world. * U.S. exports increased * U.S. farm exports benefited from lower Mexican tariffs * U.S. was a beneficiary of low-cost imports from Canada and Mexico * Reduce gas and food prices by removing tariffs on Mexican oil imports
Effective but creates disadvantages * But there is also some criticize because the success has come with a cost. * NAFTA destroy jobs in American and lowering U.S. wages * Destroy Mexico’s farms and polluting its environment * Increase U.S trade

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