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<clog_notes>
<![CDATA[
vim cheat sheet
:setlocal spell spelllang=ru_yo en_gb fr
<a class="clog" target="about_blank" href=""></a>
<a class="clog" target="about_blank" href="http://www.ictnle.com/tmp_pdf/"></a>
<a class="clog" target="about_blank" href="">(send the link to your google doc (in edit mode!)</a>
<img src="pix/icons8-reading-100.png" width="35em" border="0" alt="icons8-reading-100.png">
<img src="pix/icons8-quiz-100.png" width="35em" border="0" alt="quarterly test"> Prepare for quarterly test
<img src="pix/icons8-dictionary-100.png" width="30em" border="0" alt="vocab pre teach" />
<img src="pix/icons8-hammer-100.png" width="30em" border="0" alt="functional language"> 
<img src="pix/icons8-automation-100.png" width="35em" border="0" alt="grammar focus" />
<img src="pix/icons8-smartphone-tablet-100.png" width="35em" border="0" alt="smartphone or tablet device"> <img src="pix/icons8-listen-100.png" width="35em" border="0" alt="listening"> Download onto your phone or tablet and listen carefully.


1. What political topics interest you the most?  
International relations and diplomacy  
Political ideologies and philosophy  
Electoral systems and governance  
Political discourse and rhetoric  
Global conflicts and resolutions  

2. What are your main communication goals in political discussions?  
Expressing complex political opinions clearly  
Debating effectively with structured arguments  
Understanding political jargon and idioms  
Writing analytical essays and reports  
Engaging in formal and informal political conversations  

3. Which language skills do you want to improve most?  
Speaking persuasively in debates  
Understanding political speeches and news reports  
Writing policy briefs and academic essays  
Expanding political vocabulary and terminology  
Listening to and comprehending native speakers in political contexts  

4. What difficulties do you face when discussing politics in English?  
Finding precise words to express political ideas  
Understanding fast-paced political debates  
Following nuanced or satirical political commentary  
Structuring persuasive arguments effectively  
Responding quickly and confidently in discussions  

5. Do you prefer to participate in formal or informal political discussions? Why?  
I prefer to take part in formal discussions, as they require structured reasoning.  
Engaging in informal discussions helps me practise spontaneous speaking.  
I want to improve in both settings to develop flexibility.  
Taking part in formal debates prepares me for academic or professional settings.  
Participating in informal discussions makes learning politics more engaging.  

6. Which types of political media do you engage with most?  
Reading news articles and opinion pieces  
Watching political speeches and debates  
Listening to podcasts and interviews  
Taking part in social media discussions  
Studying academic journals and research papers  

7. Do you find it difficult to understand political humour or satire?  
Yes, because understanding satire often requires cultural knowledge.  
Sometimes, especially when interpreting idioms or metaphors.  
No, but analysing it more deeply would be helpful.  
I understand it, but responding appropriately can be difficult.  
I prefer to focus on serious discussions rather than interpreting political humour.  

8. What writing skills do you want to develop in politics?  
Writing persuasive essays or opinion pieces  
Summarising political events concisely  
Crafting formal reports or policy papers  
Analysing and critiquing political speeches  
Structuring arguments logically in written debates  

9. How confident are you in public speaking on political issues?  
Very confident, I enjoy debating and presenting.  
Somewhat confident, but I struggle with fluency.  
Not very confident, I need more practice.  
I prefer writing rather than speaking.  
I need more exposure to formal debate styles.  

10. What kind of vocabulary do you find challenging in political discussions?  
Technical terms related to government and policy  
Abstract concepts in political philosophy  
Legal and constitutional language  
Slang or informal expressions in political discourse  
Economic and financial terminology in political contexts  

11. What kind of exercises or activities would help you improve?  
Debating with structured arguments  
Analysing and summarising political speeches  
Writing opinion pieces on current events  
Watching and discussing political documentaries  
Participating in model UN or parliamentary debates  

12. What is your preferred learning approach for political language?  
Immersing myself in news and political programmes  
Taking part in interactive debates and role-playing exercises  
Studying structured lessons on political terminology and analysis  
Working independently with research and writing assignments  
Combining all methods to create a balanced learning experience  



Brief selection of political topics readily available for a trial lesson


]]>
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<clog_session>
<clog_session_number></clog_session_number>
<clog_session_date>20250402</clog_session_date>
<clog_session_date_cancelled></clog_session_date_cancelled>
<clog_session_date_rescheduled></clog_session_date_rescheduled>
<clog_session_time>12:00-13:00</clog_session_time>
<clog_session_ach>1</clog_session_ach>
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<clog_session_credit_date></clog_session_credit_date>
<clog_session_balance></clog_session_balance>
<clog_session_status>active</clog_session_status>
<clog_session_print></clog_session_print>
<clog_session_title>Rationale for a common European military defence policy</clog_session_title>
<clog_session_comment>By the end of this session you will have studied </clog_session_comment>
<clog_session_hw><![CDATA[
Topics - subject to approval
    Vladimir Pozner: How the United States Created Vladimir Putin
    How I figured out the Achilles heel of Vladimir Putin | William Browder | TEDxBerlin, 14 Aug 2018 (origins of the Magnitksy Act)
    The Russian spy boss humiliated by Putin
    Chemical burns, poisoning and prison: the persecution of Alexei Navalny (The Guardian)
    Reasons behind mobilisation &amp; possible scenarios
    Why will nobody win the war in Ukraine?
    How to end the war in the Ukraine?
    What future for Russia - scenarios
    Can Europe afford to set a precedent by reallocating Russian frozen assets?
    Trump vs Zelensky negotiation plans to reach truce agreement w/ Russia
    Reasons behind Trump and Zelensky's shouting match
    ✓ Rationale for a common European military defence policy

    ✓ What makes some economies larger and more attractive than others?
    ✓ A European Federation instead of European Union?
    ✓ Pros and cons of the EAEU

    Should Scotland leave the UK to help the labour party rebuild trade agreements with the EU?
    How will the UK recover from Brexit, the energy crisis, the loss of confidence in the (Tories) government, the immigration crisis?
    Is Great Britain still 'great'?
    Why is Denmark so happy?
    Slavic lives matter
    Hofstede cultural dimensions - How to use power distance, restraint &amp; indulgence

    Big Bang of the Russian gas
    ✓ Fallacies of the Russian gas market 
    The Russian electricity market: liberalised but paralysed?

todo?
    White House mistakenly shares Yemen war plans with a journalist at The Atlantic 

<img src="pix/zoom_meeting.png" width="35em" border="0" alt="zoom_meeting.png"> Zoom meeting details
Trial lesson - D.Potter Zoom Meeting (recurring)
Meeting ID: 765 1187 4648
<strong>Password: pFGjq3</strong>  
<a class="clog" target="about_blank" href="https://us04web.zoom.us/j/76511874648?pwd=pqq81L5Zbdw6lT8hToYVMKUIJsisYn.1">https://us04web.zoom.us/j/76511874648?pwd=pqq81L5Zbdw6lT8hToYVMKUIJsisYn.1</a>
]]></clog_session_hw>
<clog_session_hw_url>
<text></text>
<url></url>
</clog_session_hw_url>

<clog_support_material>
<clog_book_title></clog_book_title>
<clog_book_level></clog_book_level>
<clog_book_unit></clog_book_unit>

<clog_activity>
<mdlid>14</mdlid>
<activity_id>1</activity_id>
<activity_title>Common military defence policy</activity_title>
<session_date></session_date>
<hw_anchor></hw_anchor>
<activity_status>active</activity_status>
<activity_type>edit_ol_qa</activity_type>
<activity_icon>pix/icons8-collaboration-100_white.png</activity_icon>
<activity_lead_in></activity_lead_in>
<instructions><![CDATA[Answer the questions.

<div align="center"><img src="pix/allocations_to_ukraine_including_refugee_costs_kiel_institute.png" width="90%" alt="visual"></div>
]]></instructions>
<!--<instructions02><![CDATA[ ]]></instructions02>
<instructions_demo><![CDATA[ ]]></instructions_demo>
<activity_options>stopwatch</activity_options> -->
<html5_video></html5_video>
<qas>
</qas>
<key>
</key>
<qa>
<qs>What is the rationale behind a common European military defence policy?
</qs>
<ans>✓ cut cost on public procurement
✓ share responsibility for safeguarding territorial integrity
✓ is considered long overdue
</ans>
<hint>
</hint>
</qa>
<qa>
<qs>Is a common military defence policy an effective deterrent?</qs>
<ans>✓ probably more useful than nuclear heads
〆EU members seem to be divided as to its deployment
〆any European mobilisation &amp; retaliation are unlikely to match Russian war effort
</ans>
<hint>
</hint>
</qa>
<qa>
<qs>Does the EU really need such military force?</qs>
<ans>✓ the USA have declined to support Ukraine
✓ need to boost credibility in case of retaliation
✓ is a form of reassurance for central European countries who have experienced Soviet occupation first-hand
</ans>
<hint>
</hint>
</qa>
<qa>
<qs>Can Putin be trusted to observe a ceasefire?</qs>
<ans>〆the Russian government systematically denied allegations in 2014 and 2022
〆most European leaders were taken by surprise though such events had been predicted by various intelligence services
→ 2 precedents prove Putin cannot be trusted?...
</ans>
<hint>
</hint>
</qa>
</clog_activity>

<clog_activity>
<mdlid>13</mdlid>
<activity_id>2</activity_id>
<activity_title>CDSP</activity_title>
<session_date></session_date>
<hw_anchor></hw_anchor>
<activity_status>active</activity_status>
<activity_type>edit_ol_qa</activity_type>
<activity_icon>pix/icons8-collaboration-100_white.png</activity_icon>
<activity_lead_in>Have you ever heard of the CSDP (Common Security and Defence Policy)? Can you imagine its role?</activity_lead_in>
<instructions><![CDATA[Answer the questions.]]></instructions>
<!--<instructions02><![CDATA[ ]]></instructions02> -->
<instructions_demo><![CDATA[Since the first CSDP missions and operations were launched back in 2003, the EU has undertaken over 37 overseas operations, using civilian and military missions and operations in several countries in Europe, Africa and Asia. As of today, there are 21 ongoing CSDP missions and operations, 12 of which are civilian, and 9 military.
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/eeas/common-security-and-defence-policy_en">https://www.eeas.europa.eu/eeas/common-security-and-defence-policy_en</a>

<div align="center"><img src="pix/eu_flag_on_miltary_uniform_shutterstock_1566448816r_resized.jpg" width="90%" alt="visual"></div>
]]></instructions_demo>
<!-- <activity_options>stopwatch</activity_options> -->
<html5_video></html5_video>
<qas>
</qas>
<key>
</key>
<qa>
<qs>Why does Europe's security start abroad?
</qs>
<ans><![CDATA[In an increasingly interconnected world, Europe’s security starts abroad. European citizens expect and deserve to live in a safe and stable environment. In the face of increased global instability, the EU needs to take more responsibility for its own security and increase its capacity to act autonomously.
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/eeas/common-security-and-defence-policy_en"></a>
]]></ans>
<hint>
</hint>
</qa>
<qa>
<qs>What tools does the EU dispose of to promote its objectives?</qs>
<ans><![CDATA[Restrictive measures, or sanctions, are one of the EU's tools to promote the objectives of the Common Foreign and Security Policy (CFSP).
(...)

At the Cologne European Council  in June 1999, EU leaders agreed that "the Union must have the capacity for autonomous action, backed by credible military forces, the means to decide to use them, and the readiness to do so, in order to respond to international crises without prejudice to actions by NATO".

At the European Council in Helsinki in December 1999, the so-called Helsinki Headline Goal was established, setting amongst others the following targets:
    co-operating voluntarily in EU-led operations, Member States must be able, by 2003, to deploy within 60 days and sustain for at least 1 year military forces of, the Union will be able to carry out the full range of the tasks gi up to 50,000-60,000 persons capable of the full range of tasks stated in Article 17 of the Treaty on European Union (TEU).
    new political and military bodies and structures will be established within the Council to enable the Union to ensure the necessary political guidance and strategic direction to such operations, while respecting the single institutional framework.
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/eeas/military-csdp-capabilities_en">https://www.eeas.europa.eu/eeas/military-csdp-capabilities_en</a>
]]>
</ans>
<hint>
</hint>
</qa>
<qa>
<qs>In what countries and/or regions do you think the CDSP has already carried out missions?</qs>
<ans>
<![CDATA[
European Union Naval Force Operation ATALANTA – EUNAVFOR ATALANTA
The EU military operation to contribute to the maritime security in the Western Indian Ocean and in the Red Sea
<a class="clog" target="about_blank" href="https://eunavfor.eu/">https://eunavfor.eu/</a>

EU Regional Advisory and Coordination Cell for the Sahel
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/eu-racc-sahel_en">https://www.eeas.europa.eu/eu-racc-sahel_en</a>

EUAM Iraq contributes to a safer and stronger Iraq, through its support, engagement and participation in an effective and sustainable Security Sector Reform Process (SSRP)
<a class="clog" target="about_blank" href="https://www.euam-iraq.eu/en">https://www.euam-iraq.eu/en</a>

EU Advisory Mission in the Central African Republic (EUAM RCA)
The EUAM RCA Mission advises the Central African authorities on the reform of the internal security sector in order to improve the security situation of the population, contribute to the development of the country and achieve sustainable peace. The support of EUAM RCA experts is based on best practices, while taking into account the local situation.
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/euam-rca_en">https://www.eeas.europa.eu/euam-rca_en</a>

see also:
Lybia
Moldova &amp; Ukraine
Rafah
Sahel Mali
Sahel Niger
Somalia
Althea
Kosovo
Armenia
Georgia
Palestinina Territories
Gulf of Guinea
Mozambique
<a class="clog" target="about_blank" href="https://www.eeas.europa.eu/eeas/common-security-and-defence-policy_en">https://www.eeas.europa.eu/eeas/common-security-and-defence-policy_en</a>
]]></ans>
<hint>
</hint>
</qa>
</clog_activity>

<!--
Europe must prepare for war to secure peace

If Europe wants to avoid war Europe must get ready for war There is no more an inspirational group to speak to than to women and men who have chosen to devote their careers and their lives for the security and the freedom of others.  (...) This historic academy is one of the reasons I chose [[Denmark]] to speak about security and to make the case that if Europe wants to avoid war Europe must get ready for [[war]], and [[Denmark]] is acutely aware of its own security and threats not least because of its unique strategic geography but also because of recent events. I'm of course talking about the ongoing war in [[Ukraine]] and conflicts in other theatres, but also the repeated and continued attacks on critical infrastructure in the [[Baltic Sea]] and of course the ongoing competition for influence in the [[Arctic region]] including [[Greenland]] (...) I want to be very clear that Europe will always stand for [[sovereignty]] and territorial [[integrity]] and it is against this complex backdrop that I salute the prime minister's decision to increase defense spending to 3% of [[GDP]] in the next two years.
Ursula von der Leyen's Urgent Call: Europe Must Prepare for War to Secure Peace! 

(...)
But somewhere along the line the era of the peace dividend gradually set in the idea took hold that spending on defense should be ramped up during conflict times, but should just as quickly be driven down in times of relative peace. And with the help of NATO and the transatlantic alliance these times of relative peace seemed to be a permanent state. The truth is we quickly convinced each others that this truly exceptional period that saw the Iron Curtain and the Berlin Wall come down and entire nations and people set free was a norm. 

(...)
The truth is we quickly convinced each others that this truly exceptional period that saw the Iron Curtain and the Berlin Wall come down and entire nations and people set free was a norm.  And this led to underinvestment in defence, and, frankly, to over complacency. Our adversaries use that time not only to remobilize but also to challenge the rules that govern global security and that brings us to today. The era of the peace dividend is long gone. The age of spheres of influence and power competition is well and truly back.

EU Debates | eudebates.tv
<a class="clog" target="about_blank" href="https://www.youtube.com/watch?v=UpUetTGCS84">https://www.youtube.com/watch?v=UpUetTGCS84</a>


<a class="clog" target="about_blank" href="https://www.rferl.org/a/ukraine-us-russia-aid/33337524.html">https://www.rferl.org/a/ukraine-us-russia-aid/33337524.html</a>

-->

<clog_activity>
<mdlid>12</mdlid>
<activity_id>4</activity_id>
<activity_title>European military reassurance vs deterrence &amp; effectiveness</activity_title>
<session_date></session_date>
<hw_anchor></hw_anchor>
<activity_status>active</activity_status>
<activity_type>edit_ol_qa</activity_type>
<activity_icon>pix/icons8-collaboration-100_white.png</activity_icon>
<activity_lead_in>Does the EU seriously envisage war?</activity_lead_in>
<instructions><![CDATA[Answer the questions.

<div align="center"><img src="pix/eu_ursula_van_der_leyen_speaking.png" width="90%" alt="visual"></div>
]]></instructions>
<!--<instructions02><![CDATA[ ]]></instructions02>
<instructions_demo><![CDATA[ ]]></instructions_demo>
<activity_options>stopwatch</activity_options> -->
<html5_video></html5_video>
<qas>
</qas>
<key>
</key>
<qa>
<qs>To what extent is the rule of law important to Europeans? Can it justify prolonging the war?</qs>
<ans>✓ fighting Russian aggression feels morally justified
✓ addresses disparate concerns Russia may violate neighbouring territorial sovereignty 
✓ prolonging the war guarantees public spending on long, overdue common military defence policy (independent of the US)
✓ sets high on the agenda the risk of setting a precedent

〆doesn't reflect the reality that Putin is actually unlikely to annexe more territories, especially of NATO members
〆proves to be a costly form of reassurance for central European member states
→ preserving the rule of law occurs at the cost of human lives
</ans>
<hint>rule of law = political and legal ideal that all people and institutions within a country, state, or community are accountable to the same laws, including lawmakers, government officials, and judges. It is sometimes stated simply as "no one is above the law" or "all are equal before the law". Is defined as "the mechanism, process, institution, practice, or norm that supports the equality of all citizens before the law, secures a nonarbitrary form of government, and more generally prevents the arbitrary use of power"
</hint>
</qa>
<qa>
<qs>What are Europe's flaws in resolving conflicts?</qs>
<ans>〆Europe can't reach agreements on negative outcomes
→ won't put up with poor geopolitical solutions in Ukraine

〆lacks a strong leader
= inherently federated

〆lacks military credibility &amp; deterrence
</ans>
<hint>flaw = mistake in sth that means that it is not correct or does not work correctly
</hint>
</qa>
<qa>
<qs>What countries have a vested interest in not ending the war soon?</qs>
<ans>✓ Russia can afford to continue the war since it has now reoriented its industries to support the military effort
〆may be eager to recover its frozen assets
〆the situation on the front line hasn't really improved

✓ Ukraine wants to recover its territorial integrity
✓ perhaps overestimating support from the EU &amp; the US

✓ the EU doesn't want to set a precedent by acknowledging Russia has annexed territories
= Pandora's box

✓ China &amp; India may enjoy cheap oil &amp; gas

✓ the US may take advantage of Russia's economically weaker position to confront only China
✓ act according to the logic of egoism, i.e. seek their own interest and will not subordinate their interest to the interests of other states
(see structural realism)
</ans>
<hint>vested interest = personal reason for involvement in an undertaking or situation, especially an expectation of financial or other gain
</hint>
</qa>
<qa>
<qs>Can Putin be trusted not to conquer more territories?</qs>
<ans>✓ Putin genuinely wanted to join NATO (see Munich conference in 2007)
= was the best guarantee of geopolitical stability in the region
〆perhaps at the cost of former Soviet Union states political independence (e.g. Poland, Ukraine)?
→ was disappointed not to be allowed to join the club
→ was irritated by NATO's expansion in central European despite promises by the US government

✓ China is now an economic threat to the USA
→ American bipolar, geopolitical vision of the USA vs Russia has become obsolete
✓ Trump may afford to underestimate Putin's ambitions
→ the USA now unlikely to wage war in Europe against Russia

✓ from a European standpoint, moral integrity is often more valuable than geopolitical practicality
〆numerous cases of poisoning &amp; sabotage 'highly likely' by Russian intelligence
✓ notorious corruption &amp; allegations of cheating at Olympic Games...
✓ invasion of Ukraine took prominent European leaders by surprise
→ Europe can't trust Russian partners

〆following American &amp; Russian perspectives, nations only have interests
→ Russia could seek more territories in the name of a so-called buffer area
</ans>
<hint>
</hint>
</qa>
</clog_activity>

<clog_activity>
<mdlid>11</mdlid>
<clog_expressions>
to devote = to give most of your time, energy, attention, etc. to sb/sth
acutely = in a critical, serious way
backdrop = painted piece of fabric that is hung behind the stage in a theatre as part of the scenery; scenery surrounding an event; general conditions in which an event takes place, which sometimes help to explain that event
to ramp up = to bolster or strengthen
complacency = (usually disapproving) a feeling of satisfaction with yourself or with a situation, so that you do not think any change is necessary 
dividend = amount of the profits that a company pays to people who own shares in the company
rule of law = political and legal ideal that all people and institutions within a country, state, or community are accountable to the same laws, including lawmakers, government officials, and judges. It is sometimes stated simply as "no one is above the law" or "all are equal before the law". Is defined as "the mechanism, process, institution, practice, or norm that supports the equality of all citizens before the law, secures a nonarbitrary form of government, and more generally prevents the arbitrary use of power"
flaw = mistake in sth that means that it is not correct or does not work correctly
vested interest = personal reason for involvement in an undertaking or situation, especially an expectation of financial or other gain
</clog_expressions>
</clog_activity>

</clog_support_material>

<clog_activity>
<mdlid>10</mdlid>
<clog_deco><![CDATA[
]]></clog_deco>
<clog_pig>
</clog_pig>
</clog_activity>
</clog_session>



<clog_session>
<clog_session_number></clog_session_number>
<clog_session_date>20250216</clog_session_date>
<clog_session_date_cancelled></clog_session_date_cancelled>
<clog_session_date_rescheduled></clog_session_date_rescheduled>
<clog_session_time>17:00-18:00</clog_session_time>
<clog_session_ach>1</clog_session_ach>
<clog_session_rate></clog_session_rate>
<clog_session_credit></clog_session_credit>
<clog_session_credit_date></clog_session_credit_date>
<clog_session_balance></clog_session_balance>
<clog_session_status>active</clog_session_status>
<clog_session_print></clog_session_print>
<clog_session_title>Large economies vs economic unions</clog_session_title>
<clog_session_comment>By the end of this session you will have studied </clog_session_comment>
<clog_session_hw><![CDATA[
]]></clog_session_hw>
<clog_session_hw_url>
<text></text>
<url></url>
</clog_session_hw_url>

<clog_support_material>
<clog_book_title></clog_book_title>
<clog_book_level></clog_book_level>
<clog_book_unit></clog_book_unit>

<!-- 
Ask 5 questions to elicit the reasons why some economies are larger and more attractive than others in maximum 70 words. Embed the questions in tags <qs></qs>.

For each question give one answer of 120 words maximum. Include one example in no more than 30 words. Embed each answer in tags <ans></ans>.

Embed each question and answer in tags <qa></qa>.
-->

<clog_activity>
<mdlid>9</mdlid>
<activity_id>1</activity_id>
<activity_title>Largest economies in the world</activity_title>
<session_date></session_date>
<hw_anchor></hw_anchor>
<activity_status>active</activity_status>
<activity_type>edit_ol_qa</activity_type>
<activity_icon>pix/icons8-collaboration-100_white.png</activity_icon>
<activity_lead_in>What makes some economies larger and more attractive than others?</activity_lead_in>
<instructions><![CDATA[Answer the questions.]]></instructions>
<!--<instructions02><![CDATA[ ]]></instructions02> -->
<instructions_demo><![CDATA[ 
<em>It is believed GDP per capita is a reliable indicator of a market's purchasing power and potential for buying new products, India, however, with hardly 18 times less GDP per capita than the UK, is considered a larger economy. This means...</em>

Top 10 largest economies/ richest countries in the world in 2025
sourced from IMF data (as of January 10, 2025)
<a class="clog" target="about_blank" href="https://www.forbesindia.com/article/explainers/top-10-largest-economies-in-the-world/86159/1">https://www.forbesindia.com/article/explainers/top-10-largest-economies-in-the-world/86159/1</a>

<pre>
Rank &amp; Country  GDP (USD) 	        2025 Projected Real  	GDP Per Capita 
                                          GDP (% Change)     (Current Prices) (USD)
#1 United States    $30.34 trillion             2.2%            $89.68 thousand
#2 China            $19.53 trillion             4.5%            $13.87 thousand
#3 Germany          $4.92 trillion              0.8%            $57.91 thousand
#4 Japan            $4.39 trillion              1.1%            $35.61 thousand
#5 India            $4.27 trillion              6.5%             $2.94 thousand
#6 United Kingdom   $3.73 trillion              1.5%            $54.28 thousand
#7 France           $3.28 trillion              1.1%            $49.53 thousand
#8 Italy            $2.46 trillion                0.8%          $41.71 thousand
#9 Canada           $2.33 trillion              1.3%            $55.89 thousand
#10 Brazil          $2.31 trillion              2.4%            $10.82 thousand
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<qs>What factors contribute to a country's economic growth and size?</qs> 
<ans>The availability of natural resources, infrastructure, political stability, and human capital drive economic growth. Nations with strong institutions, efficient labour forces, and advanced technology often see larger economies. 

For instance, the United States benefits from a wealth of resources, technological innovation, and a robust workforce, contributing to its economic dominance. 
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<qs>How does political stability affect economic attractiveness?</qs> 
<ans>Political stability fosters investor confidence, reduces risks, and attracts foreign investments. A stable government ensures predictable economic policies, infrastructure development, and rule of law. 

For example, Switzerland's political neutrality and stability have attracted global businesses and financial institutions.
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<qs>What role does education and innovation play in economic growth?</qs> 
<ans>A highly educated workforce fosters innovation, enhancing productivity and competitiveness. Countries that prioritize research, development, and education often develop high-value industries. 

South Korea's focus on education and innovation has propelled its economy, especially in technology. 
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<qs>How does international trade influence the size of an economy?</qs> 
<ans>Countries with open trade policies expand their market reach, access resources, and increase exports, contributing to economic size. 

For example, China’s rise as an economic powerhouse is largely driven by its role as the "world's factory" in global trade.
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<qs>Why do some economies have higher standards of living than others?</qs> 
<ans>Standard of living is influenced by factors such as income levels, healthcare, education, and social security systems. Countries with strong economies provide better services and opportunities. 

Norway's wealth from oil and its well-developed welfare system result in a high standard of living.
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<qs>How does market size affect a business’s potential for growth?
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<ans>A larger market size offers a broader customer base, increasing demand for products or services. It allows businesses to achieve economies of scale, reduce costs per unit, and grow faster. Larger markets also provide opportunities for diversification in terms of target audiences or product lines.

Example: The smartphone market's size has led companies like Apple and Samsung to scale operations and innovate continuously.
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<qs>How do regulations impact business profitability?
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<ans>Regulations set the framework for how businesses can operate. In markets with light regulations, businesses often benefit from lower compliance costs and faster growth. In highly regulated markets, however, businesses face higher operational costs but might also gain a competitive advantage by ensuring higher standards.

Example: In the U.S., deregulation in energy markets has helped renewable energy companies grow rapidly
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<qs>What role do tariffs play in determining market profitability?
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<ans>Tariffs directly affect the cost of importing or exporting goods. High tariffs increase costs and reduce profit margins, while low tariffs facilitate smoother international trade. Businesses focused on global supply chains or exports may suffer in markets with high tariffs.

Example: The U.S.-China trade war resulted in higher tariffs on electronics, raising costs for companies like Huawei and Apple.
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<qs>How do competitive dynamics in a large market influence profitability?
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<ans>While a large market offers potential, it also invites intense competition. Businesses must innovate, differentiate, and improve efficiency to capture market share. Increased competition can erode profit margins if businesses focus too heavily on price.

Example: The fast-food industry is large but competitive, with brands like McDonald's constantly innovating to maintain market leadership.
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<qs>What impact do government incentives have on profitability in certain markets?
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<ans>Government incentives, such as tax breaks, grants, and subsidies, can significantly reduce operating costs and improve profitability. A market that provides these incentives becomes more attractive to businesses, particularly startups or those in industries like technology, green energy, or manufacturing.

Example: Tesla benefited from government incentives for electric vehicles, helping it scale and dominate the EV market.
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conducive = making it easy, possible or likely for sth to happen
pitfall = danger or difficulty, especially one that is hidden or not obvious at first
sustainable = involving the use of natural products and energy in a way that does not harm the environment; that can continue or be continued for a long time
sales funnel | purchase funnel = visual representation of the customer journey, depicting the sales process from awareness to action
retention = company's ability to turn customers into repeat buyers and prevent them from switching to a competitor. Businesses work hard to attract customers through marketing, social media, and sales strategies—it only makes sense to invest in customer retention as well
supranational = involving more than one country
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→ match the descriptions with the headings
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increased market size
greater bargaining power
shared resources
stability and growth
labour mobility
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By joining an economic union like the EU, smaller economies gain access to a larger, more integrated market. The EU is one of the largest economic blocks in the world, and countries within it can trade freely with each other. This gives smaller countries more opportunities to grow their businesses and industries.
The EU can negotiate as a single entity, which strengthens its position in trade agreements with larger economies like the United States or China. The combined economic power of the EU’s member states enables it to secure better terms in global trade agreements.
Smaller economies can benefit from joint investments in infrastructure, research, and development, as well as shared policy frameworks. For example, the EU has funds and programs for regional development that help smaller countries catch up to their larger counterparts.
Economic unions typically create stability through common policies, such as monetary policy in the case of the Eurozone. Stability makes countries more attractive for investment and boosts economic growth. Small economies in the EU benefit from the stability of the larger economies and the collective strength of the union.
The EU allows for the free movement of labour, which enables people from smaller economies to seek better employment opportunities in larger countries within the union. This boosts their income levels and, in turn, can improve their home economies through remittances and knowledge transfer.
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<key><![CDATA[
✓ increased market size
By joining an economic union like the EU, smaller economies gain access to a larger, more integrated market. The EU is one of the largest economic blocks in the world, and countries within it can trade freely with each other. This gives smaller countries more opportunities to grow their businesses and industries.

✓ greater bargaining power
The EU can negotiate as a single entity, which strengthens its position in trade agreements with larger economies like the United States or China. The combined economic power of the EU’s member states enables it to secure better terms in global trade agreements.

✓ shared resources
Smaller economies can benefit from joint investments in infrastructure, research, and development, as well as shared policy frameworks. For example, the EU has funds and programs for regional development that help smaller countries catch up to their larger counterparts.

✓ stability and growth
Economic unions typically create stability through common policies, such as monetary policy in the case of the Eurozone. Stability makes countries more attractive for investment and boosts economic growth. Small economies in the EU benefit from the stability of the larger economies and the collective strength of the union.

✓ labour mobility
The EU allows for the free movement of labour, which enables people from smaller economies to seek better employment opportunities in larger countries within the union. This boosts their income levels and, in turn, can improve their home economies through remittances and knowledge transfer.
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What are the tasks of an economic union?
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✓ integrate monetary and fiscal policies
✓ coordinate policies, taxation, and government spending related to the agreement
✓ provide a common currency that comes with fixed exchange rates
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<qs>What is the EAEU? How successful is it in providing supranational regulations?
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<ans>EAEU - Eurasian Economic Union 
= Republic of Armenia, Republic of Belarus, Republic of Kazakhstan, Kyrgyz Republic, Russian Federation
✓ also called the Eurasian Union, EAEU or EEU, the Eurasian Economic Union
✓ political and economic union of states in central and northern Eurasia
✓ treaty that established the union was signed in 2014 by the leaders of Russia, Belarus, and Kazakhstan
✓ accession treaty of Armenia and Kyrgyzstan came into force in the following year
✓ seek to foster economic development, free movement of goods, services, capital and labour
✓ contribute to modernisation of the member-states' economies
→ now only viable, though costly, alternative financial landscape to swift transactions
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<qs>Have you ever heard of the CARICOM, the Single Market and Economy (CSME)?</qs>
<ans>✓ aims to create an economic space for competitive goods and services to establish a foundation for growth and development of the Caribbean community
✓ enlarged market that provides better opportunities to sell products and services, increased competitiveness, and improvement of the lives of people
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<qs>Is there any economic union in central America for such countries as Costa Rica or Guatemala?</qs>
<ans>✓ Central American Common Market
✓ formed by six countries in Central America
✓ Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama
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<qs>Can the European Union (EU) be considered the world's largest trading bloc?
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<ans>✓ is the world’s largest trade bloc
Importing goods and services from more than 100 countries, it is the biggest import market, as well as the biggest exporter in the world.

The EU’s common currency is the euro, which is used by its 28 member states: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

The EU countries coordinate their economic policies, laws, and regulations to address economic and financial issues. One of the union’s founding principles is free trade among its members. It is also committed to the liberalization of world trade outside of its borders.

src:
<![CDATA[<a class="clog" target="about_blank" href="https://corporatefinanceinstitute.com/resources/economics/economic-union/">https://corporatefinanceinstitute.com/resources/economics/economic-union/</a>

<em>As the largest trading bloc globally, the EU is the primary trading partner for more than 80 countries and is among the most open economies worldwide</em>
<a class="clog" target="about_blank" href="https://researchfdi.com/what-you-need-to-know-about-the-eu-single-market/">https://researchfdi.com/what-you-need-to-know-about-the-eu-single-market/</a>]]></ans>
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<qs>What challenges does the EU face?</qs>
<ans>〆diverse economic conditions across member states
〆slower decision-making than in the USA for instance, due to its complex structure
〆ongoing debates over fiscal policy coordination
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<qs>Can the EU compete with the USA?</qs>
<ans>✓ the EU and the USA have roughly comparable GDPs
(...)
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<qs>Why isn't Russia among the top 10 largest economies in the world?
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<ans>✓ exported natural resources
✓ oligarchs placed dividends in banks in London
(...)
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<qs>Why haven't Western companies relocated their production to Russia although the GDP per capita is equivalent to the Chinese one?</qs>
<ans>✓ collectivism &amp; work culture in China more disposed to being outsourced for low-skilled manufacturing and division of labour
→ reminiscent of vassals' behaviour
〆Soviet Union legacy resulted in widespread lack of ownership &amp; accountability
→ little interest in taking their future in their own hands or being held responsible
= unpredictable, unreliable, careless approach to finishing goods
✓ more cultural &amp; economic ties with India
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<qs>To what extent does market size matter when starting up?</qs>
<ans></ans>
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<qs>What spheres are regulated at national or supranational levels? How confusing can this be when growing your business?</qs>
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feudalism /'fyu:də,lizəm/ = term that emerged in the 17th century that has been used to describe economic, legal, political, social, and economic relationships in the European Middle Ages. Used most narrowly to describe relations between lords and vassals that involve the exchange of land for military service. Feudalism in this sense is thought to have emerged in a time of political disorder in the 11th century as a means to restore order, and it was later a key element in the establishment of strong monarchies 
vassal /ˈvæsəl/ = holder of land by feudal tenure on conditions of homage and allegiance. Vassals were protected by lords who they had to serve in war
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