MGNT
Final_MGNT2510_lect4_students.pdf

Level 5 political union eu political and economic

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¡ Level 5: Political Union: EU+ ¡ political and economic integration
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4.2 Self - Test ¡ A. NAFTA ¡ B. EU ¡ C. ASEAN ¡ D. CEPA ¡ E.G20 Political Union Economic Union Common Market Customs Union Free Trade Area
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Part 2 (Self-Study): Major Regional Economic Integration Collaborations 10
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2. Major Regional Economic Integration Collaborations ¡ 1. European Union (EU) ¡ 2. North American Free Trade Agreement (NAFTA) ¡ 3. Association of Southeast Asian Nations (ASEAN) 11
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2.1 European Union (EU) ¡ 28 member countries: ¡ Population:> 0.5 Billion ¡ Population and GDP > USA ¡ 6 major enlargements Official Website: 12
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2.1.1. 28 Member state of the EU 13
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2.1.2 17 Countries with Euro as main currency before 2013 14
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2.1.3 19 Countries with Euro as main currency now (Which 2 new members?) 15
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2.1.3 Its formation and recent development (Pls watch the following video clips) ¡ The formation of EU (3min+, by Economist- 2009) ¡ The European Debt Crisis Visualized (12 min+; (by Bloomberg; Note: first 3 min (From 41sec -2:15) related to the formation of EU and Euro Zone ¡ The Brexit Debate Explained in 2 Minutes (2 min+ by Bloomberg) 16
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Self Test ¡ 1. Which kind of product is the first to be tariffs-free in Europe after WWII? ¡ 2. When did the concept of regional economic integration emerge in Europe? ¡ 3. Which country is the 28 th member of EU, the last to join-in? ¡ 4. Six countries were the pioneers for the formation of EU, including W. Germany, France, Italy and Benelux. What does Benelux stands for? ¡ 5. When did the Euro launch? ¡ 6. When was the largest enlargement? ¡ 7. Which EU country has the largest population? ¡ 8. Which two countries has adopted Euro as the main currency? 17
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2.2 North American Free Trade Agreement (NAFTA) ¡ 3 member countries: USA, Mexico, Canada (Original FTA : USA and Canada-1989 ), ¡ NAFTA -- effective in 1994 ¡ Under the agreement, tariff will be reduced 99% in ten-year time .
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