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1. What are the potential opportunities and costs for companies based in the UK in outsourcing their operations to countries in the enlarged European Union? Please give example to illustrate your answer. 2. Explain the impact that membership of the following may bring to the UK economy: (a) The World Trade Organisation (WTO) (b) The World Bank (c) The International Monetary Fund (IMF) 3. Explain the currency risks facing UK companies with relation to global exchange rates if they were A) major exporter and B) a major importer.
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