【正文】 some Asian countries and a few Latin American countries.Why are high ine countries important to trade and investment? Should we neglect low ine countries in international business?3. Highine countries often have good infrastructure, high purchasing power, advanced technology, efficiet management, and favorable environment for trade and investment. They offer prime markets for expensive consumer goods and are both attractive sources and destinations of investment. We should not neglect low ine countries in international business, because they constitute markets for lowerpriced staple goods, provide cheap labor and are often rich in resources. What is more important, market is something to be developed. Once tapped, the business potential of these countries will one day bee real business opportunities.In what different ways are GDP and per capita ine significant in assessing the potential of a particular market?4. Total GDP indicates the overall size of an economy which is important in market assessment for durable equipment or bulk goods such as grain, steel, or cement. Per capita GDP reveals the average ine level of consumers, which is important when marketing consumer durables.Was china a lowine country a few years ago? How about now?5. China with a per capita ine of over $1100 is a middleine country though it was a low ine country just a few years ago.What does the term “Traid” refer to? What is meant ty Quad?6. The term Triad refers to the three richest regions of the world the United States, the European Union and Japan that offer the most important business opportunities.Some people extend the scope of Triad to include Canada and name the broadened grouping Quad.How much do you know about OECD? Please make a brief account.7. OECD means Organization of Economic Cooperation and Development was established in 1961 by the major capitalim countries with the headquarter in Paris. It has 29 member countries, among which, 23 of them are highine countries and the others are middleine countries.What is the best policy for China to develop business opportunites?8. The best policy is to develop business opportunities wherever advantageous while keeping in mind the key markets. Tap: to take what is needed form, to exploitPPP: purchasint power parityConsumerism: considerable desire to make purchase for consumptionRecipient: a person or an organization etc. that receives somethingPruchasing power: of persons, the public, having the money to buy goods and servicesAverage: of an ordinary, mon or usual kind in quality or amountSpur: to urge or encourageProductive: producing in high efficiency or in large quantityAssess: to judge an amount or valueInfrastructure: largescale public services, such as water and power supplies, road, rail and radio munications, etc. needed to support economic activity, esp. industry, trade and merce三、1. What is a free trade area? Make a brief account of the most notable free trade area in the world.Members of a free trade area removes barries to the flow of goods and services smong themselves while each member still adopts its own policy as regards to trade with outsiders.The most notable free trade area is the North American Free Trade Agreement (NAFTA), the largest free market formed by the United States.2. In what way is a customs union different from a free trade area?Customs Union that goes a step further by adopting the same trade policy for all the members toward countries outside their organization in addition to abolishing trade barriers among themselves.3. What are the characteristics of a on market? Which organization remained a mon market for some years in the past?Besides free movement of goods and services and adoption of mon external trade policy, factors of production such as labor, capital and technology are free to move among members so that they can be utilized in a more efficient and productive way.In the past, the European Community remained a mon market for some years.4. How much do you know about an economic union? Can members of an economic union keep all of their national sovereignty?Economic union is characterized by integration of the domestic policies of its members in respect of economy, finance etc. in addition to absence of trade barriers, practice of mon external policy and free production factor mobility.The member countries of an economic union are required to surrender some of their national sovereignty.5. Make a brief account of the origin and development of the EU.Its history dates back to the early postwar years. The first munity, the European Coal and Steel Community (ECSC) was established in 1952 which set the stage for more ambitious integration efforts. The signing of the monumental Treaty of Rome in 1957 marks the establishment of the European Economic Community with the aim of gradually realizing the free movement of goods, services, labor and capital as well as the harmonization of economic policies of the member countries. Ten years later in 1967, the European Community was formed by merging EEC, ECSC and the European Atomic Energy Community (EURATOM). 1992 was a landmark year in the development of the EC when it became a true mon market as envisaged by the Single Eropean Act. Then on January 1, 1994 the European Union (EU) came into being on the strength of the Maastricht Treaty.6. What is the most powerful institution of the EU? What is the executive body of the EU? How does it operate?The most Powerful institution of the EU is the Council of Ministers. It has the final say on all important matters. Decisions of the council are made by votes allocated to member countries on the basis of their size. Different ministers attend the council meetings depending on the matters discussed.Its executive body is the European Commision posed of 20missi