Increasing globalisation and international capitalism

QUESTION. We live in an age of increasing globalization and international capitalism. The European Union (EU) has been a prominent actor on both scores. I) Critically review the EU’s initiatives in seeking to harmonize the regulation of ‌‌‌‌‍‌‍‌‍‌‌‌‍‌‍‌‍‍‌ financial services among member states, and II) ii) Comment on ways in which these add to—or detract from—national autonomy. iii) Briefly discuss whether you consider these initiatives a viable blueprint for international banking ‌‌‌‌‍‌‍‌‍‌‌‌‍‌‍‌‍‍‌ rules.                                                          

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