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The Global Enterprise - Assignment Example

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This essay The Global Enterprise discusses the economy of the United Kingdom which is the fastest growing and the world’s most globalized economy. It is accounted to be the 5th largest economy in the world in terms of its Gross Domestic Product (GDP). …
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The Global Enterprise
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Download file to see previous pages As the paper explores UK has been marked as the ninth largest exporter of goods and services and fifth largest importer in the world. Some of the main industries which are operating in the UK currently are the financial services industries, aerospace industry, pharmaceutical industry, and the automotive industry. The major booster of the UK economy is the oil and gas production in the North Sea which is worth £250 billion. London is the largest hub for the economic activities in the UK and in fact, in the whole of Europe. It is known as the world’s biggest financial center and largest city economy.
As the research declares the tourism industry doesn’t only contribute to the GDP and bring foreign revenue to the country, but it also creates jobs and growth opportunities for businesses; this causes more production, more growth, and more employment which overall strengthens the economy. Tourism results in direct consumer spending which causes the economy to strengthen. UK is amongst the countries that are most desirable for tourists in the world. This is a dominating factor in making the economy powerful in the recent years and in the coming years, as predicted. The UK has enjoyed the strength and power of their economy ever since the Industrial Revolution took place. Even though there have been many competitions and challenges in the economies from USA and Germany, in 2015, UK still holds a great powerful position in the world economy as a global strength. ...Download file to see next pagesRead More
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