Critically analysing the Effects of International Business on UK Economy

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TABLE OF CONTENTS

CHAPTER 1: INTRODUCTION1

Background of the study1

Problem Statement1

Aims and Objectives2

Research Questions3

Rationale of the Study3

Significance of the Study4

CHAPTER 2: LITERATURE REVIEW5

Economic Performance5

Balance of Payments5

Economic Prosperity, and Human Development7

The Paradoxes of Prosperity8

CHAPTER 3: METHODOLOGY10

Research Approach10

Research Design10

Sample of Participants11

Data Collection11

Instrument12

Reliability and Validity13

Ethical Concerns14

Projected Timetable14

REFERENCES15

APPENDIX - A17

CHAPTER 1: INTRODUCTION

Background of the study

This dissertation examines Britain economic transition from a mixed economy, with some socialist goals, to an economy that has increasingly adopted neoliberal policies. It examines the transition, particularly, through the lens of the electric-power infrastructure of Britain. Britain has adopted wide scale economic policy changes in 1991. Since then, the UK has tried to attract international business opportunities to achieve economic growth and promote development. Civil society institutions have strongly influenced investment and development. Investment, therefore, has become the focus of a series of socio-political contentions (Caligiuri, 2004, 49).

Globalisation involves an intensification of the movement of capital over space. Countries and regions compete to attract business to promote local economic growth (Bird, 2002, 33). Democratically elected governments act as liaisons, that is intermediaries, between global capital and local civil society. Governments formulate policies intended to fix mobile capital in place, and ensure that economic growth produces development that benefits society. Yet the current British business practices have had varying effects on the livelihoods of different socio-spatial groups (Bhagat, 1996, 89). And while promoting investment and economic growth, local governments also have to be concerned about social and political harmony.

Problem Statement

The globalisation of business trends describes the trends of the global business trends that can be useful for predicting the future global business trends position in the United Kingdom. Conflict leads to capital flight and impedes local economic growth. Thus, in a globalising world, the role of governments in maintaining what is often a delicate balance, between the interests of global capital and the interests of citizens, has become an important facet of international business.

In addition, foreign investors are often backed by the political might of countries like the United Kingdom. This backing has relevance to the nature of the relationship that develops between governments in the developing countries and the investing corporations. In-depth analyses are needed of how this set of relations among global investors, states at several levels, and civil society movements, is produced, maintained and regulated in a variety of political, cultural and economic settings.

Aims and Objectives

The aims and objectives of this particular study were to:

Analyse the global dimensions of international business and their impact on British economy

Highlight the importance of potential global factors in the formulation of economic strategy

Elaborate on the different factors influencing the business strategy in international business settings

Explore the importance of international management practices within organisations working in Britain.

Highlight the impact of international management practices on the organisations in the United Kingdom.

Elaborate on the economic challenges faced by British firms to cope up with international business demands.

Research Questions

In light of these arguments, the questions posed by this research are the following:

RQ1: What are ...