International Business Of The United Kingdom Essay

In this report I am going to define the meaning of Globalisation and assess the impact of globalisation on the way the business operate.

In a time of global commerce, new business ventures can take on many forms. What used to be local or even national companies have become world-wide. International growth of a business can be extremely beneficial but is not without its challenges. Different countries have different peoples and different cultures - different ways of doing business altogether. If a venture is to be successful, these differences must be well understood.

Apart from the knowledge of the business that you aim to set up in the UK, you also have to authenticate that you have ample funds for continual commercial activity. There should be at least £200,000 available. Alternatively, you can show that your funds are from a venture capitalist firm that is regulated by the Financial Services Authority - then a minimum amount of only £50,000 will be needed.

1. What is the significance of determining whether a country follows the rule of law?

i. DEFINITION: a number of affiliated businesses which function simultaneously in different countries, are joined together by ties of common ownership of control, and are responsible to a common

When governments amongst nations conduct in international business, it exposes them to increased risks and costs through unfair trade and bribery in order to obtain a competitive advantage or power. Mercantilism explains why the government intervention of international business increases the chances of these risks. Mercantilism is the theory that explains, the government will maintain their economy and trade to promote their own domestic industry at the cost of the other country leading to unfair trade (Pettinger,2016). As all governments will not play by the same rules, there is an increase in risks such as unfair tariff policies or bribery in order to gain a competitive advantage. In fact, many governments across nations will use these unfair actions to gain an increase in power. Hill (2015) states that nations like China are striving for a more neo mercantilist policy (a more modern theory of mercantilism where economic power is the equivalent to a trade surplus) to gain a trade surplus. During most of the 2000s, their exports have been increasing whereas their imports have not grown because they have been limited by an import substitution policy. While China is able to benefit from the trade surplus, it is at the cost of another nation where the money that will be paid for those imports will decrease. Therefore, government intervention in international business increases risk like unfair trading to gain a competitive advantage. The government also increases the cost of

Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.

The main aim of the study is to investigate external environmental factors influencing international business transactions at Barclays bank ; these factors include political, economic, social, technological, environment and legal.

In the past few months, the Brexit referendum attracted the attention from the whole world. The globalisation has made the world today far more connected than ever so that every country could be affected by this big event. The globalisation has had profound and lasting influences to UK economy. This essay will firstly focus on the pros and cons of globalisation, then discuss the UK sectors which benefited and suffered from globalisation respectively, finally analysis the overall effect of globalisation on the UK economy.

This report notes that the UK has the possibility of leaving the European Union (EU). The UK as a member of the EU has rights to get some good policies on trade. In the meanwhile, the UK also need to obligate the restrictions of businesses that published by the EU. The UK’s economic has correlation with the EU. Therefore leaving the EU (Brexit) might bring some changes on trade, employment, the regulations of businesses and the position of UK in the world. This report analyzes the positive impacts and negative impacts that might be brought to the businesses in the UK if UK decides to leave the EU.

The use of appendices is not permitted in assignments and students should be aware that work submitted as an appendix will not be read and will not count towards the final mark of the assignment.

In the world, several international organizations are created for peaceful relationship and benefits from each other. Recently, a big news from the United Kingdom has caused people in a panic. That’s its withdrawal from the European Union, an international organization comprising 28 European countries and governing common economic, social, and security policies. This decision is widely known as Brexit. This has affected the operation of the international business market between countries in Europe, especially the United Kingdom. Some people are happy about it and some do not. The trading and workers in the United Kingdom therefore have significant impacts related to the trade organization, trade barrier, arguments for trade Barriers, and imports.

There has a been a shift towards the service sector, away from older industrialised areas and it is often argued that the British economy has now entered a vicious circle of decline (Amin, 1986) The rapid effects of globalisation can be linked to the growth of multi-national firms, since products and services have been increasingly internationalised, seen in the development of globalised supply chains. In addition to this, the deregulation of capital markets also makes it easier to achieve acquisitions and mergers. This has resulted in the expansion of the trans-national activities of multi-national firms, and particularly in motor cars, oil, pharmaceuticals, airlines and financial services.

The level of internationalisation around the globe has grown throughout the years, with advanced technologies the ease and ability to work with foreign countries has also grown. However, firms do not simply interact with each other with no outside party involvement; the government can be seen to play a large role in conducting international business. Governments continuously have the responsibility to act in the manner that they believe is best for their nation; this includes decisions regarding protectionism, which may serve to aid domestic industries but simultaneously hinder international business. It can be seen that governments do not always act in their nation’s best interest and are corrupt which can serve to increase the risks and costs of entering an international business environment. While these are examples in which the government makes international business difficult it can also be seen that the presence of a government is instrumental in creating international business effectiveness, whether this be through their legal system or from trade agreements. This makes the role the government plays paradoxical; as their involvement generally increases the risks and costs of firms seeking to internationalise, whilst simultaneously playing a significant role in creating international business effectiveness.

Subject : Appraisal of a MNE's recent market entry (2007-2010) ( 1. Firm Motivations for internationalization 2. Entry Strategy 3. Corporate Strategy)