The document discusses various international business risks such as country risks involving China and the US, commercial risks from China banning South Korean shows, and cultural risks from issues like gender inequality. It also covers economic risks in Europe from using the euro across 17 countries with different fiscal policies, which led to issues like exchange rate fluctuations and problems with having a single monetary policy. The document examines how trade barriers, tariffs, and world wars originally motivated the unified Europe idea and euro to reduce costs of doing business by removing trade barriers.