Economic Integration and Global Markets to Uk Business...

Table of contents Introduction-----------------------------------------------------2 Main body---------------------------------------------------------3 The definition of International trade------------------------3 The reason of International trade----------------------------3 The importance of international trade---------------------3 Economic integration and global markets to UK business organizations-----------------------------------------4 The impact of two policies of the European Union on UK business organizations------------------------------------5 The impact of fiscal policies on the UK business------------5 The impact of monetary policy on the UK business---------6 The economic implications for the UK of entry into†¦show more content†¦Even the richest countries buy raw materials for their industries from the poorest countries. If every country produces only for its own needs, then production and consumption of goods would be limited. Clearly, such situation hampers economic progress. Furthermore, the standard of living of the people all over the world would have no chance to improve. Because of international trade, people with money can acquire goods and services which are not available in their own countries. Hence, satisfaction of consumers can be maximized.ï ¼Ë†hubpages, 2011ï ¼â€° Economic integration and global markets to UK business organizations Globalization gives companies access to wider markets and consumers access to a greater variety of goods and services. But the benefits of globalization are not always shared by all of the parties involved in trade. Unfortunately, developing countries—which need the potential benefits of globalization the most—are often the losers. The downside of global capitalism is the disruption of whole societies, from financial meltdowns to practices by multinationals that would never be tolerated in the West, the Business Week article noted. Industrialized countries have enacted all sorts of worker, consumer, and environmental safeguards since the turn of the century, and civil rights have a strong tradition. But the global economy is pretty much still in the robber-baron age. UK belongs toShow MoreRelatedBussiness Environment1585 Words   |  7 PagesAssignment brief BTEC Higher National Diploma (Business) Level 4 ACADEMIC COLLEGE OF LONDON |Unit Number |1 | |Unit Title |Business Environment | |Name of the Assessor | Read MoreBussiness Environment1600 Words   |  7 PagesAssignment brief BTEC Higher National Diploma (Business) Level 4 ACADEMIC COLLEGE OF LONDON |Unit Number |1 | |Unit Title |Business Environment | |Name of the Assessor | Read MoreErp Systems : Integrated Information System1598 Words   |  7 Pagesinformation system software where the different core business processes are processed in real-time environment. Mabert et. al. 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