BE ABLE TO ASSESS THE SIGNIFICANCE OF THE GLOBAL FACTORS THAT SHAPE NATIONAL BUSINESS ACTIVITES

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BE ABLE TO ASSESS THE SIGNIFICANCE OF THE GLOBAL FACTORS THAT SHAPE NATIONAL BUSINESS ACTIVITES

1. INTRODUCTION
This research project is going to investigate on the Global Factors that influence UK business activities. This project will be looking into the main factors that influence businesses globally and how the businesses are working into the local, national or international market affected by global problems. The main areas about to consider are international trade, how UK businesses are trading internationally with the international market. What are the market opportunities for the customers, workers, suppliers, for business growth, market share to increase and entering new businesses to this market? Global growth will increase
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Looking into United Kingdom economy it can be analyzed Britain has a highly open economy which means large number of shares of output of goods and services are tied to trade with other countries around the world.
The chart below shows the changes in the volume of exports and imports and the recession year of 2009 when the volume of global trade dipped by more than 12% and threatened the phase of globalization.

According to a recent trade profile for the UK published by the World Trade Organisation:
1. The UK is the 7th largest exporter of goods in the world & the 4th biggest importer of goods.
2. The UK is the 2nd biggest exporter of commercial services globally and the third.
3. The UK has a 3.7% share of world exports and 5% share of world imports
4. The UK exports 8% of the world’s commercial services
5. 78% of our exports come from the manufacturing sector and 15% from fuels and mining products
6. 62% of our exports go to other members of the EU; 13% to the United States.
7. 50% of our imports come from the EU; 8% from the United States and 6% from China.
International trades have a huge impact on UK businesses. It can be seen in various areas including the economy, employment, education, outsourcing and unfair labor practices. UK businesses might be get effected by emerging markets trade. Businesses trading with less developed or more developed nations, more

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