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Over the past 50 years, superpowers like America and China have been dominating markets due to their huge supply of labour and other resources. Smaller countries did not have the capital nor the reputation to compete against these big firms. On top of that, the firms that raised enough capital to venture into foreign markets were hit with large trade tariffs and quotas, set by individual governments.
This effectively made profitable foreign projects almost impossible.
When the European Union was officially constituted in 1992 by the Treaty on European Union, a whole new means of national co-operation was set to pass...
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