The World Cconomics-HND.doc

The International College of Xiamen University 09 HND Global Trade and Business The World Economy Report about Benefits of Joining the EU Unit Code: DE3H 35 Name: Fan Rongjin Student ID No.: 27620095575052 Lecturer: Zhuang, Yuting (Jane) Word account: 1855 Content Explain three gains from trading internationally…………....4 Explain free trade………………………………………………….4 Explain absolute and comparative advantage of UK…….....5 Explain protectionism and provide two recent examples.5 Barriers to trade and provide recent examples of them…..6 Role of WTO in free trade……………………………………….6 Role of EU in promoting trade…………………………………7 Explain the composition of the balance of payments……..8 General trends in UK trade over the last 30 years…………9 How is the balance of payments affected by exchange rates……………………………………………………………….11 Advantages and disadvantages of the single currency for the UK…………………………………………………………….12 Effects on individuals and business of the single currency Characteristics of Less Developed Countries……………12 Current issues that face LDCs……………………………..14 The impacts of multinationals on Newly Industrialized Countries and LDCs…………………………………………….14 Introduction With the development of economy, the regional integration and the world constantly strengthen the process of integration. International trade has become one of the important factors in the development of country. if we can Open the regional market, enter international market, and introduction of advanced technology. It cans Helpful to improve our national economic strength, and improve living standards. The EU is a regional, intergovernmental, comprehensive, international organization composed of 27 European countries; the main function is to coordinate the relationship between the Member States to remove barriers between countries and improve peoples living standards, maintain the unity and progress in Europe, and to promote world peace and development. So we want to join the Europe