Sunday, March 3, 2019
Globalisation Creates More Opportunities for Uk Businesses Essay
Globalization is the growing dilute towards worldwide securities industrys in products, crownwork and labor, unrestricted by barriers. Globalization is not a in the buff mould hardly it has accele dictated in recent years with the rapid offset of multinational companies and with the expansion of free trade with fewer quotas on imports. at that place atomic number 18 many key features of globalization, which has made an impact on transmission line strategies such as gaind worldwide trade, freer movement of workers between countries and in the end the harvest-festival of multinational businesses in all countries. These create both authorisation opportunities but also limitations to businesses. In this essay I will question both sides.The expansion of national businesses has helped to raise productivity and efficiency in the UK economy. This provides a solid foundation and sustaining a comparative advantage in the areas where the UK still has some world class manufacturi ng businesses. Inward cloakment al clinical depressions for the industriousness of better manufacturing techniques, this could include Just-in-time supply strategies, which also speeds up the process of applying new technologies and giveing information. Honda use this system of JIT in the UK market, by doing this is creates much competitors in spite of appearance the business be seduce you endlessly order the right amount, which will keep your inventories low which thence, means your costs will be lower. By Honda having this advantage it allows them to invest there saved money elsewhere in the business.Globalization creates threats for UK businesses be beat it has step up the competition with in other businesses. Due to the rising import sixth sense and also the switch of manufacturing to find a lower-cost production centres in east Europe and S show uph Asia, this has caused a fall in output and therefore thousands of jobs are lost in the UK each year. By this happening i t leads a rise in un consumption, which ultimately lead to worsening in the regional economic divide. An example of this is Dyson, they travel from a small village called Malmemsbery in the county of Wiltshire to South East Asia, by doing this is made 800 employees redundant and this has a abundant effect on the local community.Globalization creates more opportunities than threats for UK business cod the current movement of globalization the terms of trade have moved into the UK favor. For example, the UK economy is moving further and further towards the highschool production, sale of high value manufacturing and high knowledge services which tend to reign over in global markets a price higher than the cost of importing cheaper manufacture goods e.g. the UK exports of high quality luxury cars such as Bentley and Rolls Royce which seem to command the market around the world the nit comes to luxury cars. Due to the manufactures high expertise it is very difficult for other car co mpanies who want to enter the market such as Ford or Toyota as they do not have such as expertise in their business. This switch towards more expensive products as the main source of exports provides the UK with better living standards and some importantly the opportunity cost of exporting has moved in to the UK favor. other threat in which globalization has caused is the threats to the UK service industries. O2 outsourced there call centers out to India as it has lower labor costs. This links back to my last plosive speech sound of making people redundant due to the outsourcing of a business abroad. other negative claim is that O2 customers, the British public prefer to have incline accents and easier to pronounce names this is not xenophobia on behalf of the British public but instead an ease of transaction as many customers report failing calls. This also puts pressure on the businesses as they are taking a risk of moving abroad but also it may cause the business to drive do wn real pay levels in the UK table service sectors in order to compete more efficaciously.Over the last 12 years the UK has enjoyed a period of sustained economic growth, rising employment and improving living standards. The UK growth has been on a trend rate of 2.5% per annum, which is the one of the longest growth phases for nearly 100 years. This healthy trend is due to the rising levels of trade and investment spurred on by world-wide competition.Finally a threat in which globalization can cause is the fear of the effect globalization will cause to the environment. The huge growth in competition in the UK has lead to a massive inflow in pollution over the UK from sea freight transport to international air transport, this long distance travelling leads to pollution being spread all over the UK and the ever rising scale of household and industrial waste leads to an enormous external costs.The likes of Tesco and ASDA which freight and ship a motley of food products and cheap e lectrical goods has meant that the customer has benefited the most from cheaper costs tho this has had a detrimental affect on the environment, with broccoli from Japan, oranges from Florida and lamb from New-Zealand this is meant that these companies are racking up huge amounts of travelling which leads to a massive increase of carbon footprint.To conclude this quote sums up my views of globalization in the UKThe things that Britain has always had a comparative advantage in selling to the world financial services, scientific research, education, entertainment and so on are rising in price. Because of this shift in relative prices, the British people have effectively enjoyed a large pay increase without having to work any harder
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