What effect is the creation of a single market and a single currency within the EU likely to have on the competition within the EU? Why?

Regional Economic Integration, Textile Industry, and Apple Case Study

Regional Economic Integration
What effect is the creation of a single market and a single currency within the EU likely to
have on the competition within the EU? Why?
Write a 1-page paper to summarize your thoughts.
NAFTA, USMCA and the U.S. Textile Industry
Prior to the signing of the NAFTA agreement, many concerns were raised regarding the
potential for a significant loss of jobs in the American textile industry. Indeed, between 1994
and 2004, employment in the U.S. textile industry fell from about 858,000 to 296,000.
However, at the same time, U.S. consumers have enjoyed lower clothing prices and U.S.
fabric and yarn makers have seen a boost in their exports to Mexico.
QUESTION 1: Who gained from the process of readjustment in the textile industry after
NAFTA? Who lost?
QUESTION 2: With hindsight, do you think it is better to protect vulnerable industries such
as textiles, or let them adjust to the painful winds of change that follow entering into free
trade agreements? What would the benefits of protection be? What would the costs be?
QUESTION 3: On 1/16/2020, Senate passed USMCA, a revamped trade deal with Mexico
and Canada to replace NAFTA. Who would be the winners and losers of USMCA