Q: Discuss the theories that explain how and why European integration has evolved. (Illustrate your answer with examples) Critically evaluate whether which forms of economic integration have characterized the European integration process and which dimensions have they taken the EU is fully integrated. Compare and contrast consumer policies and competition policies. Which of these policies is more important for doing business in Europe. Provide relevant businesses examples.
Emphasize on the development of unique trade protocols within the members states lead to the foundation of European Union. The concept of uniting the cultural and administrative diversities has been escalated in course of the EU operations and its administrative framework. The exit of Britain from the EU has created differential vibes relating to its influence on the global business framework. The prevailing operational protocols within the European territories seemingly indicate to potential diversification concerning Britain’s escalation as a singular marketplace. An ambiguous scenario concerning the future policies post Brexit has been reflected as a potential threat to the achievement of sustainable trends for organization. Influential to the business environment can be essentially related to the development of the operational procedures.
Nomination of the strategies prior to the implementation may be considered as an essential element concerning the tenure of business operations of various MNC’s (Goodwin and Milazzo, 2017). As a member of the European Union, Britain had to pay a membership fee projected to be 8.5 billion Euros. An exit from the union aides in deriving suitable channels for enormous membership fees for the domestic development. The proportionate financial advantages to Britain based on its membership fees had been debated in the forum of the equity distribution. An isolation from the EU may help in enhancing the political and trade relations with Russia. The influence of Brexit on Britain’s pace of development will be intercepted through a business prospective in course of the study.
The decrease in Pound value has been an essential attraction for global travelers. The Hospitality and Tourism Industry of Great Britain has reflected an increase in the number of visitors within a span of two months. The attraction for the travelers from all around the globe can be attributed to the cultural and architectural heritage of Britain. The tourist from various locations spend their respective currencies namely dollars, yen, rupees in the hospitality services sector which promotes an additional scope of cash inflow leading to an increase in the GDP contribution (Aerts et al, 2007).
The consideration of the elementary traits along with the flexibility of investments in the hospitality industry can be influenced upwards post Brexit. A major portion of native UK population working in foreign based organization have considered the period ideal for cashing their earned currencies (Coulter and Hancké, 2016). The influence of the market isolation protocol from EU may escalate the operational standards of the Seafood industry. The industry has predicted an acquisition of the leading position in the sustainable seafood exporter all across the globe. The downfall in the value of Pound has facilitated overflow of the overseas and domestic order. The lowering of the prevailing costs of operation has provided a suitable boost to the existing entrepreneurship in the domestic domains. As opined by Dinan (2010), an interception through the relatives of the procedure in Brexit can be demonstrated through a nomination of the resemblance concerning an escalating pace of the manufacturing market.
However, the ambiguity over the future protocols of trade operation and the policies for the EU citizens leaving in UK and UK citizens living in EU for livelihood has projected a cloud over development of fiscal and monetary strategies. The influence of the operational standards concerning the food and beverage industry can be nominated in course of the Brexit. The WHS regulations of EU has been a hindrance in the development of synthetic alcohols in Britain. The complexity of the health and safety laws have projected an obstacle on the integration of innovative and strategic profiles of operation.
The prevailing scenario of the state may depict turmoil’s which may be related to the acute shortage of elementary overview on the consequences of Brexit and operations of Britain as a single marketplace (Johnson and Turner, 2015). More than 50% of Britain’s export was directed towards the EU member states which may depict multiple violations post the exit of Britain from the European Union. It is expected to ensure a freedom for Britain in the differential trade agreements and deriving periodic interception on various market activities. The economic state of Britain justifies its self-sustainable capabilities, which can be achieved by an autonomous and independent decision making module. The viability of the highly skilled workforce and technological adaptability within routine trade mechanisms is expected to enhance the attraction of foreign investors in the future days to come. The elimination of the labor issues in Britain can be justified by the adaptation of flexible labor management policies essentially influenced relative goals of sustainability of the employees and employers.
As stated by Guay (2014), an inclusion of the EU standards of business operations has been considered as a retarding element to the evolving trends of globalization in business. An interception through the operational variances is expected to promote as escalation credibility justifying the global standards of technological adaptation, which justifies a normal alignment to the EU regulations. The demonstration of the suitable relatives can be escalated through an overview of proportionate trends in foreign investments. However, social media pioneers Facebook opened a new office at London and projected its potential on being the second leading engineering and technological hub. The initiatives of the government in projecting a lucid overview on the traits of management can be developed as a considerable impetus to the singular entity of Britain as a marketplace. The utilization of the resources in accordance with their relative contribution to the production procedure can be projected as an integrative of the production course (Novy, 2015). The integration of these elements may demonstrate an acute overview on the utility being related to the procedures of operation and management. The variances in the modes of operation of the industry can be facilitated by the increasing investments on developmental protocol through a cost curtail on the EU membership fees (Whitley, 2002).
Violation of the EU demonstrated protocols of operation can be justified through an increasing burden on Britain concerning the limitation of the EU policies related to trade. The integration of the variances can be escalated through an acute resemblance to the operational profiles that can be demonstrated as a periodic activity (Aerts et al, 2007). The achievement of the sustainable standards of the marketplace can be projected as an integrative of Foreign Direct Investment within the pipeline of production and achievement of sales margins. Therefore, the escalation of Britain’s standards as a uniform marketplace can be projected through an acute demonstration of the sustainable elements in through a suitable framework related to economic development (Thompson, 2017). The resemblance of the trade operations to the elementary intercepts of an operational marketplace can be defined as an element of sustainability aligned to the integrative of resource management.
The Agriculture industry in Britain is expected enjoy a tariff free accessibility on trade operations post Brexit. An essential paradigm of the EU agricultural policies has indicated to a viable interception of the tariff rates up to 50%, which has been considered as a burden on the achievement of the agricultural profit margins (Coen, 2012). The deviation of the same can lead to a potential isolation from the global market concerning an acute downfall in the trends of agricultural development. 85% of the British workforce is associated with the service industry, which indicates to the magnitude of the skill set posse by the nominated labor (Autio and Klofsten, 2014.).
The viability of the operational elements along with the achievement of a sustainable resemblance has been promoted in course of the industrial operations that may be justified concerning the implication of a suitable framework as accelerated by the growth protocol. Therefore, the escalation of Britain as a single marketplace may enhance the authority of British Parliament in the formation of a developmental framework (McCormick, 2014). The influence of the objectives of sustainability can be projected through the domains of operation concerning the achievement of exceptional standards of market management. The escalation of the operational standards defined through a suitable nomination of the industrial modules in the operational profiles may be justified through an interception on the projected paradigms of sustainability (Artis and Zhang, 2013). The escalation of the accountability analogue along with a justified nomination of the sustainable standards of operation can be considered through an alignment with the fiscal profiles of demonstration. The relatives of demonstration along with an operational element can be aligned to an expansion of Britain as a singular marketplace (Suder, 2011).
The viability of the research elements with an acute projection on the uncertainty in Britain’s future post Brexit can be promoted as a scope of business expansion related to its escalation as a single marketplace. The accessibility of the resources concerning its credential viable in Britain may be utilized for projecting an attraction of foreign investments. The relaxation from the EU policies is considered as a boost to the agriculture and seafood industry and enhances the operational standards. The integration of an expanded authority on the industrial sects may aid the development of a uniform operational framework related to Britain’s economic and workforce credibility.