regional economic integration

Answer ONE of the following questions: 1. Briefly define regional economic integration (ie regional trading blocks) and distinguish between different levels of integration using examples. Examine the main political and economic costs and benefits of regional economic integration in the context of European Union and UK’s decision to exit. (ie. Examine the economic and political arguments for and against BREXIT for the UK) 2. Examine the key drivers of globalisation with particular reference to technological developments and changes in trade and investment barriers using appropriate statistics/evidence to substantiate your statements. Discuss the costs and benefits of globalisation for business managers using real world examples. 3. Critically evaluate the arguments for and against globalisation with respect to its impact on FOUR of the following: poverty; inequality; environment; national sovereignty; consumers; job creation and working conditions for workers; and economic growth. Comment on who the winners and losers of globalisation are in the world economy. Use statistical evidence and real world examples to substantiate your statements. 4. Briefly explain the guiding principles firms should use when deciding which foreign market to enter. Examine the advantages and disadvantages of TWO different foreign market entry strategies used by Multinational Enterprises and evaluate their success / failure, using real world examples. You may analyse and evaluate two different foreign market entry strategies adopted by ONE multinational in different countries OR evaluate market entry strategies used by different multinationals. 5. Explain what Multinational Enterprises are and examine the potential positive and negative impacts of their Foreign Direct Investment in developed OR developing countries. Illustrate your answer using real world examples.
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