Euro was adopted on January 1, 1999. The adoption of a common currency was preceded by a sequence of events going back more than 4 decades. The Treaties of Rome were signed in 1957 that paved the way for establishing the European Union. These were preceded by the setting up of European Coal and Steel Community in 1951 (the Treaty of Paris). Treaties of Rome included setting up of the European Economic Community (this is what is usually called the Treaty of Rome) and the European Atomic Energy Commission. The idea was to get a unified Europe with a single currency, the Euro, that would enhance Europe's role in the world monetary system, and turn the European Union into a unified market.
Business ethics and social responsibility, global business, strategies, trade, WTO
Discuss the basic forms of conducting international business (export/import, licensing/franchising, contract manufacturing/outsourcing, joint ventures/alliances, and direct investment), and basic international business strategies (multinternational vs global)
Discuss the trade (economic reason why trade occurs,) the role of the World Trade Organization, regional trade agreements, and the barriers to international trade
Discuss the business ethics (concept, common issues, ethical decision factors), actions to promote ethical behavior, social responsibility (concept/dimensions, consumerism), and the business legal environment (source of law, resolution of disputes)
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