GLOBALISATION OF UK BUSINESSES

Advantages and Disadvantages of Globalisation of UK Businesses

Advantages and Disadvantages of Globalisation of UK Businesses

Introduction

Globalization gives wide range to each nation to access each other's markets as well as to capital flow, technology, imports, exports, politics, and culture. While, as some states continually reap the benefits and prosper others are lessening short. In the broader scope, globalization promotes effectiveness by utilizing each market and nation's specialization; nonetheless, allowing individual and economies to focus on what they do best (Brian, 2010, 56-78).

Globalization in UK

According to the research of Robertson risk factor is always involved regarding any global issue. Globalization led to a vast economical growth but it is obvious that prosperity is not equal. Globalization is missing processes in which to improve deal and aid to the poorest state which would help with integration of all countries-rich and poor. Not only globalization is creating a vast gap among the develop and under developing countries but creating a greater space among countries .Countries that could not cope with the globalization factor created minimum standards for them and making them engage in different activities (Charles, 2010, 16-78).

Globalization is transforming the face of the global economy and has a vast impact on U.K economy. This gives an idea as how the globalization has given wide range to the U.K economy for its ever increasing markets for both production and investment. Low-wage competition is motivating many countries especially U.K to turn over its investment in more innovative and skilled related field in order to further boost itself into more high quality goods specialized, and services. Continuous change globalization brings can create anxiety and uncertainty, as new technologies and methods of working appear to destroy jobs and skills almost overnight (Flusty, 2004, 113-124).

Discussion

Though the globalization process is considered to be extremely beneficial but it has also impacted the UK economy (Antony, 2009, 81-97). The most important factor determining the development of the world economy today is the globalization of world economy. Its foundation is the rising interdependence of national economies and the ever more close integration. The implication of today's global hurdles whose answers requires the cooperation of all countries in the world. Significant influence on the processes under way provides scientific and technical progress, primarily in information technology and telecommunications. The process of globalization affects not only the level of interstate relations, but also all levels of the economy. A significant impact it has on the development of companies in different countries.

To examine the statistical details of how the domestic business sector has played a role against the globalization would consider the fact that the technological developments has able the economy to take its vast advantage by increasing trade and now the UK has become a world boss in the rising export markets for many economic and business services .While, in common with many OECD economies, the UK has seen a fall in the share of production accounted to manufacturing (Sylvia, 2009, 13-18).

This analysis seeks to examine in more detail exactly ...