1. Almost 90% of the total market capitalization of the world’s equity markets is accounted for by the market capitalization of the developed world.

3.  Primary Markets Shares offered for sale directly from the issuing company.  Secondary Markets Provide market participants with marketability and share valuation.  Major Stock Exchanges

4.  Michael Porter (1998) defines clusters as: "geographically proximate groups of interconnected companies and associated institutions in a particular field, linked by commonalities and complementarities“

7.  EU  EFTA  CEFTA

10.  A highly concentrated market 5 countries do 84% of the total amount invested UK attracted 33% of investments

12.  Largest consumer market in the world (500 million)  27 member states following strict acceptance criteria  EU27 contributes one third of the world’s GDP  Free movement of people, goods, services and capital  Free market economy  The European economy is lead by Germany, the largest exporter in the world  Video Video

13.  EASDAQ is a sort of a European NASDAQ that binds together national exchanges.  UK, Germany, France, Switzerland, Austria, Italy, Belgium, Denmark, Portugal, Finland, Greece, Luxembourg, and the Netherlands.  A lack of common securities regulations, even among the countries of the European Union, is hindering a single European stock market.

14.  Amsterdam Stock Exchange  London Stock Exchange  Paris Bourse  Deutsche Börse (Frankfurt Stock Exchange)

18.  Country-specific baskets of stocks designed to replicate the country indexes of 20 countries and 3 regions.  WEBS are subject to U.S. SEC and IRS diversification requirements.  Low cost, convenient way for investors to hold diversified investments in several different countries.

19.  Losing world market share Specially to Asia  Offering market access as leverage Hoping developing countries will require access Not enticing enough  Developing countries are competitive enough to access other global markets

20.  EU needs to set up efforts Liberalize markets, more market flexibility. Allow member companies to compete globally. Develop larger economic presence for Europe. Develop trade agreements  Facilitate trade

21.  http://ec.europa.eu/trade/creating- opportunities/eu-and-wto/  http://en.wikipedia.org/wiki/Future_enla rgement_of_the_European_Union  http://www.investopedia.com/terms/e/e uronext.asp