StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Impact of Globalisation on UK - Essay Example

Comments (0) Cite this document
Summary
If we trace the history of fast changing economic landscape for the last one or two years, we find that the finance and banking sector experienced a big jolt in UK. The subprime lending crisis made its way from US and thanks to globalisation spread in good measure all around the world…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.1% of users find it useful
Impact of Globalisation on UK
Read TextPreview

Extract of sample "Impact of Globalisation on UK"

Download file to see previous pages The ups and down in equity markets is not a new phenomenon, but the UK equity markets have not recovered from the shake ups. This is a direct consequence of the networking of economies and globalisation.
Globalisation has made its mark in almost all parts of the world over the last two decades in particular. Globalisation as such, has been in existence for quite a while. In the early ages it was essentially limited to business and trade. But with the beginning of the new form of market driven governments, globalisation has filtered down to almost all walks of life like, media, culture, and of course the trade and business practices remain the key segments impacted by the phenomenon. During the early ages, trading companies, particularly from UK and Europe would arrive in a foreign land, make strategic arrangements with the respective governments and influence the ruling class in order to strengthen their business goals. In a number of cases, gradually these companies also succeeded in capturing power in those countries, thus giving rise to the practice of imperialism. Well, the modern avatar of globalisation appears far more sophisticated and customer oriented, as it gives rise to intense competition in the market. While on the one hand globalisation is transforming the face of economic policies, on the other apprehensions are also being expressed about the ill effects. International Monetary Fund (IMF) described globalisation as "The process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies" (IMF, 2002). UK has been at the forefront of implementing developmental change and played a key role in shaping the world opinion on the issue.
Globalisation: More than Transnational Cooperation
Trans-nationalism essentially meant a focus on broader areas of cooperation in cultural exchanges, economic exchanges; connecting people, governments, organizations or institutions across the borders of nation-states thus facilitating the flow of people, ideas and goods between different countries and regions. On the other hand globalisation, though implies similar connotations, has become more associated with economic activities and a market oriented attitude of big corporate houses. While trans-nationalization worked with exchanges across boundaries connecting the countries and regions, globalization seems to know no boundaries. Moreover with the advancement of communication technologies spread of globalisation has become more prominent and now it has replaced the word trans-nationalisation. Networking o economies and real time online businesses are just some examples of the borderless regime. While trans-nationalisation effectively meant cooperation and coordination between two or more countries, globalisation works with involvement of many countries in similar practices or trade. Formation of regional cooperation councils like G-8, G-20, EU, Gulf Cooperation Council etc. are an indication towards having similar policies on a range of issues, which in turn results in mutual beneficial proposition for the member countries. The networking essentially meant that the economic factors will experience similar triggers arising out of common policies will be shared proportionately by the members.
Under the globalisation regime, economic activities have dominated as the major players in deciding the policies. It is only because of such networking that ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Impact of Globalisation on UK Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1507466-impact-of-globalisation-on-uk
(Impact of Globalisation on UK Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/miscellaneous/1507466-impact-of-globalisation-on-uk.
“Impact of Globalisation on UK Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/miscellaneous/1507466-impact-of-globalisation-on-uk.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Impact of Globalisation on UK

Impact of Globalisation on Toyota

...?International Business: Globalisation Table of Contents Background 3 Theoretical Framework 4 Analysis 7 Impact of Globalisation on Toyota 7 SWOT 7 Strengths 7 Weaknesses 8 Opportunities 9 Threats 10 Globalisation Effect on Strategies Of Toyota And The Impact Of It 10 Recommendations 12 Conclusion 14 References 15 Bibliography 18 Background Toyota Motor Corporation deals with manufacturing of cars and vehicles. Toyota Motor Corporation is based in Japan and is considered to be one of the largest automobile manufacturing companies in the world (Iqbal & Et. Al., 2010). Sakichi Toyoda resisted joining his family business and pursued his dream into handloom machinery making in the year 1897. Sakichi Toyoda developed loom that stopped...
12 Pages(3000 words)Essay

The Effects of Globalisation on UK Education

... The Effects of Globalisation on UK Education The education system in UK has undergone dramatic changes in response to ever changing demands in the labour market. The changes recorded in the education system alongside the demand in the labour market have made many theorists to believe that globalisation is the central factor that has contributed to above changes. Policy makers have argued that the education system has to generate skills that are compatible with the changes observed in the world. This view has necessitated lifting of national education base in order to create a wide skill base, which can respond to the requirements in the market. The force in the market demands higher education, which can churn knowledge workers who possess...
10 Pages(2500 words)Essay

Discuss the positive and negative impact of globalisation with reference to two contrasting countries. (two countries are UK a

...?Running head: IMPACT OF GLOBALIZATION ON THE UK AND INDIA Impact of Globalization on the UK and India March 18, Impact of Globalization on the UK and India 1. Introduction In the contemporary era of globalization, there is an exchange of culture, education, business, and free information pertaining to economy, religion, social problems, and political issues, which affect the lives of nearly 6.5 billion humans on planet Earth. The major factor responsible for the globalization process is the evolution as well as revolution in information technology that has facilitated business activities, long distance communication, banking transactions, introduction of innovative and cost-effective technology accessible to the masses, and employment...
4 Pages(1000 words)Assignment

The Impact of Globalisation and Transnationals on the Local Economic Development of UK

...The impact of Globalisation and Transnationals on the local economic development of UK Table of contents I. Introduction 3 II. Globalisation – form and influence on the local markets IIa. General description of globalization 3 IIb. Influence of globalisation on the local economies 10 III. The UK economy – interaction with globalisation IIIa. General view of UK economy 18 IIIb. Globalisation and UK economy – forms of co-operation and Interaction 20 IIIc. Effects – positive and negative – of global structures in the UK financial market 23 IV. Issues for consideration - factors that can work as controllers towards the expansion of globalization 25 V. Conclusion 29 References I. Introduction...
27 Pages(6750 words)Coursework

Marketing Communictions Strategies of the Col Drinks in the UK

Unfortunаtely for smаll soft drink compаnies such аs the Double- Colа Co., the prize of less thаn one percent mаrket shаre is won only by fighting а dаily bаttle for survivаl, especiаlly аgаinst industry giаnts Cocа- Colа аnd Pepsi- Colа.

The following investigаtion is а cаse study of the successes аnd fаilures of one smаll compаny in the soft drink wаrs. It is а testаment to the meаning of brаnds аnd the lengths thаt loyаl consumers go to keep Double- Colа аs their fаvorite beverаge. Аnd it is аn evаluаtion of how аdequаtely the current regulаtory environment serves the needs of these consumers аs well аs Double-Colаs owners аnd bottlers. It аddresses criticisms thаt the regulаtory environment permits аn uneven plаying...
19 Pages(4750 words)Case Study

Management of the UK Music Industry

Online market demand is dominated by teenagers who have shifted their purchases from singles CDs to mostly illegal downloads of singles tracks, stimulated by continually evolving software and P2P networks. In order to survive, market players have to reconsider their strategies and value propositions – by mergers of music labels; flexible pricing and value-added offers by online distributors and active ethical campaigns, the challenge before these companies is to convert the internet medium from a threat to copyrighted material into an effective distribution channel.
Rivalry among competing sellers in the industry – rivalry among legal internet music sites is not too intensive, because the legal online download ind...
15 Pages(3750 words)Case Study

The Impact of Comic Books on Boys and Girls

Marvel comics made the first important steps in the particular sector – at the decade of 1960s, the firm presented through its books a series of innovative stories that have until today a significant influence to the public - the characters and the appearance of the stars of Marvel and the other firms that govern the specific sector since the decade of 1960 will be analyzed in the sections that follow. The current paper refers to a specific aspect of the particular sector (comic books): the perspectives of the firms operating in this industry on boys and girls; special reference is made to the change of these perspectives from the 1960s until today. Marvel is used – among other firms – as indicative example of th...
15 Pages(3750 words)Research Proposal

The Trade Union Movement in the UK

Before the ERA 1999, union membership and recognition in the UK were characterized by voluntarism, in which employers and employees could bargain over the terms and conditions of employment without any legal interference. With the statutory system ushered in by the new law, voluntary recognition of unions is no longer allowed and it becomes unlawful for British employers to deny recognition to unions under any circumstances. That conveys the impression that ERA created a radical change in British industrial relations. This paper takes the contrary view, however, and proposes that while the new industrial relations law looks revolutionary in principle, there are no fundamental changes in actuality for the change to qualify as &ldqu...
8 Pages(2000 words)Case Study

The Economic Impact of the Emergence of China and India

... and materials that are part of Toyota’s operations—the supply side of the automobile industry. The effects of this inflation do not stop in the supply side of the automobile industry which could significantly impact a firm’s cost structure. With the rising fuel prices, demand for automobiles is threatened too, as fuel is a complementary product of automobiles. At least in order to address the threat in the demand, Toyota put on the initiative to create a hybrid car which has saved its operations from this. The other economic impact of the emergence of China and India is its low-cost labor strategy that makes outsourcing to these countries attractive to automobile manufacturers. This can give a company the cost advantage it needs...
10 Pages(2500 words)Assignment

Credit Crunch in the UK

To sell more profitable subprime mortgages, mortgage companies bundled the debt into consolidation packages and sold the debt on to other finance companies. In other words, mortgage companies borrowed to be able to lend mortgages. For example, the lending was not financed out of saving accounts (Mortgage Guide).

These mortgage debts were bought by financial intermediaries. The idea was to spread the risk, but, actually, it just spread the problem. Usually, subprime mortgages would have a high-risk assessment rating. But, when the mortgage bundles got passed onto other lenders, rating agencies gave these risky subprime mortgages a low risk rating. Therefore, the financial system denied the extent of risk in their balance...
8 Pages(2000 words)Case Study

Impact of Motivational Factors upon Employees at Bank AlFalah and Standard Chartered Pakistan

The impacts of these policies upon the employees of the banks will be studied with the help of the responses of the employees of both of the banks. The proposed research study will present the case studies of these two banks by employing a qualitative research approach. The data and information for the study will be collected through secondary and primary resources i.e. through literature review and in-depth interviews of the employees of both the banks. The study will help in the identification of the major strengths and weaknesses present in the motivational policies of these banks and will allow proposing the formulation of improved policies.

Motivation basically refers to satisfying one’s needs through differe...
14 Pages(3500 words)Research Proposal

Immigration and Its Impact on the United Kingdom

For example, for farming communities, fertile and well-watered land has been a pull factor in migration. Business opportunities and political stability are also examples of pull factors.
Since the turn of the 20th century, Great Britain and Northern Ireland have experienced a great influx of foreigners migrating into the country due to pull or push factors. There have been different waves of migrations to the United Kingdom, which has had different impacts. Because of this, the United Kingdom has had to respond in several ways, which includes coming up with new acts on immigration, nationality, and providing asylum to refugees.1 However, the topic of migration to the United Kingdom has attracted different political views and...
23 Pages(5750 words)Assignment

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

...1. Assess the key macro factors that have influenced the UK grocery retailing industry since the early 1960s. The concept of organisational change is inherently intertwined with external threats and opportunities, which businesses must adapt to as part of strategic planning to continue long term growth. Senior and Fleming argue that the concept of organisational change has many faces, namely “convergent changes and transformational change that is organisation wide and characterised by radical shifts in strategy, mission values and associated changes of structures and systems” (In Thompson & Martin, 2005, p.41). Moreover, Johnson et al highlight that external macro-economic factors intrinsically impact strategy management and without...
13 Pages(3250 words)Assignment

Globalisation Impact on Multinational Enterprises

... in better economy and importantly better society. That is, with greater role for private sector and importantly entrepreneurial role for individuals, it will be a ‘breeding ground’ for MNCs. Free trade proposes that human well-being can best be advanced by liberating individual entrepreneurial freedoms and skills within an institutional framework characterized by strong private property rights, free markets, and importantly free trade (Harvey, 2001, p.2). Globalisation’s role in MNC formation Among the many economic based movements, globalisation is the one which had and is still having major impact on the economic development of many countries and its people worldwide. “The word globalisation marks a set of transitions in the global...
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Impact of Globalisation on UK for FREE!

Contact Us