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MBA514 Final Report.pdf - SUBMITTED TO Dr. Safayet Rahman...

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HOW EU PROMOTESINTERNATIONALBUSINESSMonday, August 30, 2021SUBMITTED TODr. Safayet RahmanCourse ID-514Course Name-International BusinessSection-01Submitted By-Student NameStudent IDSucheta Bhadra2120700Mashiur Rahman2031299
1Table of ContentsPART 1: Describe the history briefly...................................................................................................................22020-today onwards: The COVID-19 pandemic and the road to recovery.....................................................4PART 2: Their functions/ activities/ programs to promote international business.............................................5What is the role of EU?......................................................................................................................................5PART 3: Benefits and drawbacks........................................................................................................................9Benefits:............................................................................................................................................................9Drawbacks:.....................................................................................................................................................10PART 4: Your suggestions to improve these organizations...............................................................................11References:.........................................................................................................................................................13
2PART 1: Describe the history brieflyEuropean integration began in Western Europe following World War II, in an environmentdefined by political and economic rebuilding, and with the start of the Cold War.The European Coal and Steel Community (ECSC), European Atomic Energy Community(Euratom), and European Economic Community (EEC), all of which have six member nations,were established in the 1950s.There are two possible development paths: (1) additional member states joining, and (2) greaterpowers being transferred to European institutions, together with a shift to supranational decision-making.1945- 1959: A peaceful Europe- The beginnings of corporationThe European Community served as an institutional framework for bringing Europe together.The European Community is often referred to as the (EU), although it was eventually renamedthe European Union (EU). It was established after World War II to economically and politicallyunify Europe's nations by pooling their resources into a unified economy. Another conflictbetween adjacent nations would be less likely as a result of this. A number of European leadersbegan to believe that the only way to ensure long-term peace between their countries was forthem to become economically and politically united. This served as the foundation for theformation of the early European Community, which later became the European Union.1960-1969: A period of economic growthThe economy thrives in the 1960s, aided by the fact that EU nations no longer charge customscharges when they trade with one another. They also agree to share food production control,ensuring that everyone has enough to eat - and that surplus agricultural goods will be availableshortly. Student riots in Paris make May 1968 legendary, and the so-called "68 generation" isconnected with numerous changes in society and behavior.1970-1979: A growing Community – the first enlargement
3On January 1, 1973, the European Union welcomed Denmark, Ireland, and the United Kingdom,bringing the total number of members to nine. In Europe, the brief but deadly Arab-Israeliconflict of October 1973 causes an oil crisis and economic issues. With the fall of the Salazaradministration in Portugal in 1974 and the death of General Franco in Spain in 1975, Europe'slast right-wing dictatorships came to an end. The EU's regional strategy has begun to distributelarge sums of money to poorer areas in order to develop employment and infrastructure. TheEuropean Parliament gains more clout in EU issues, and voters may elect their representativesdirectly for the first time in 1979. In the 1970s, the struggle against pollution becomes moreserious. The EU passes environmental legislation for the first time, creating the concept of"polluter pays."1980-1989: The changing face of Europe - the fall of the Berlin WallFollowing the Gdansk shipyard strikes in the summer of 1980, the Polish trade union Solidarno

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