European Union

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1. Choose one region and provide an overview; the regions are: a) BRIC countries or b) European Union or c) United States Your overview should include information about economic reforms from a historical perspective. You will also provide recent data (no older than 2015) of economic growth rates. Minimum word count: 400
2. What was the effect of the 2007/2008 fiscal crisis on your chosen region (BRIC, EU, US)? Minimum word count: 400
3. Choose one country/state within your chosen region (BRIC, EU, US) and describe in detail its comparative advantage of one resource or product. Minimum word count: 500 Include the following: a) Impact on wages and jobs b) Regional issues and impact of such issues c) Internal economies of scale d) External economies of scale e) Policy
4. Predict what you think will happen with your chosen region (BRIC, EU, US) between now and 2030. Provide concrete examples of how you think the economy will develop. Use existing research to back up your predictions. Minimum word count: 600
The total word count for this assignment is a minimum of 1600 words, which roughly translates into 4.5 pages.

 

Sample Solution

European Union

The 2007-2009 financial crisis affected the European Union (EU) economies mainly because large European financial institutions adopted essentially the same business model as those operating in the United States before the crisis. Because the U.S. and EU large banks were using a similar business model, the EU experienced similar distress financial conditions that U.S. banks faced. The financial regulatory structures of the countries in the Eurozone are economically the most important in the EU, because they include the largest economies in the Union. The Eurozone is made up of countries that use the euro as their national currency. Despite the single currency unifying effects, the 16 countries in the Eurozone have more than 40 financial supervisory authorities with weak coordination among them. This fragmentation slowed the EU`s response to the financial crisis.

There are many child protection agencies such as NSPCC (Anon., n.d.) Child Exploitation Online & Protection Centre (CEOP) (Anon., n.d.). the equality act 2010 protects children, young people against harassment, victimisation and discrimination in relation to education, clubs and services for example disability, marriage and civil partnership and pregnancy and maternity (Anon., n.d.), the Human rights Act 1998 brings European convention of human rights into the English law (Anon., n.d.)
Economic factors in the organisation are inflation, wages, taxes, this affects the organisation because of the rise of inflation with services going up and the wages as well. The economy of the UK directly affects Government funding to the project.

The economic environment affects the income level of the people living in the UK. The economy now is in an okay state, but I think could be better. Dream Academy Performing Arts charge £32 which can be affordable for some but could be hard on other especially with some parent only have one main earner. The impact of this for Dream Academy Performing Arts is that they may lose customers because of some families may come into problems for example redundancy. I think they are meeting their expenditure and it is profitable but obviously if they are losing people then it could bring their expenditure and profits down, I do think they could afford to make the price higher because it could turn people away which would mean they lose business. As this company does not receive any funding from the government or any local resources it is mainly funded by parents. (Anon., n.d.)

Social factors in the organisation are religion, family or wealth, this affects the organisation because the company must use equal opportunities for all children and adults.

The social factors affecting Dream Academy Performing arts are that medication is always changing, (Anon., n.d.), low numbers of carers for people with disabilities, the society opinion on disability some people with disabilities are having their rights violated and comes under the 2010 equality act (Anon., n.d.), with the 2010 equality act it covers discrimination this includes extending protection against indirect discrimination

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