International Business
Culture Risk, the European Union and the United Kingdom
Introduction
Financial risk is not the only risk that faces international business managers. Now-a-days there is financial risk, culture risk and even environmental risk which must be determined. The United Kingdom has a special relationship with the European Union. The difference with the biggest impact for businesses is the fact that the UK did not adopt the single currency, Euro, with the rest of the European member countries.
This paper addresses the reasons the UK didn’t sign on to the single currency. Also a discussion is offered to try to ...