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External Environment of Global Business. “External Environment of Global Business” The following paper will explore an economic community that is not currently a member of the trading block, but that could be a candidate. The paper will explore conditions that would need to be met for membership. The costs of compliance and the benefits that would accrue for membership will be determined. Some of the questions that will be considered are: does the community have a common currency? Is that a driving force or a significant benefit of membership? If the community does not have a common currency, assess whether there would be a benefit that would accrue from having one.
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