Global Business Environment:

Starting with the first part of the previous century, Europe had a growing economy, a flexible social structure, and a good educational system, which assisted the gradual development of modern industrialization. At first, the positive attitude toward industrial prosperity was limited to important personalities like Monnet, but this attitude eventually permeated most of the European societies. Gradually, over the subsequent years, the new spirit had gained social acceptance. Ordinary people started to believe in progress and accepted the need for industrial change; however, whenever a change actually presented itself, many Frenchmen loathed giving up some of their vested interests.

Respond to the following:

1. Explain why Europe initially desired to form a regional trading bloc. Please include proper references and use specific examples.