Creating jobs in the UK: the BAT example

Article Abstract:

The UK's BAT Industries is one of the UK's largest companies. It is a diversified company in the tobacco trade and retailing, paper, and financial services. BAT Industries created a subsidiary, BAT Industries Small Business Ltd, in 1981 to create jobs and promote small businesses in Liverpool and Southampton, England. A disused warehouse in Liverpool was converted into a space for 114 workshop units. Features included a simple two-page lease, low-cost common services, and free management advice. The Southampton project established a new enterprise agency, and it was soon followed by the redevelopment of a derelict department store in Brixton. All three projects have cost BAT Industries considerably more than was originally expected, but the company continued to support them in the belief that the projects were being well managed and were providing significant social and economic returns.

United Kingdom, Joint ventures, Small business, Corporations, Industrial promotion, Great Britain, Corporations, British, B.A.T. Industries PLC, B.A.T. Industries Small Business Ltd.

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The agreement creating the European Economic Area

Article Abstract:

The European Economic Area was officially created with the signing of the agreement in Portugal on May 2, 1992. Acting as the contracting parties in the agreement are the European Economic Community, the European Coal and Steel Community, the EC's 12 member states, and the European Free Trade Association's (EFTA) 7 member states. The agreement was designed to create a common market where the EC and the EFTA could conduct business based on the four freedoms of goods, people, services and capital. The agreement also provides policies concerning competition, and the environmental and social aspects of trade. The agreement is scheduled to be implemented on Jan 1, 1992 provided all contracting parties ratify the said agreement. The agreement does not provide for the establishment of a customs union.

Laws, regulations and rules, European Court of Justice, Single European market, European Free Trade Association

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Centre of attention

Article Abstract:

The capital of Jiangsu, Nanjing, is in the process of major economic changes. New office buildings are being constructed and road improvements have helped relieve traffic congestion. A new airport opened in 1997, which will help promote the city's cargo transport business. Investors are also beginning to view the city as a better alternative to Shanghai.

Nanjing, China

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