Impact of Covid-19 on Globalisation in UK Business Organisations

Report

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Discussion on how UK policy makers ensure deglobalisation does not happen ........................1
Identification and discussion of key disadvantages of globalisation ..........................................4
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Globalisation is a broader aspect which essentially talks about growing interdependencies
of different economies in world (Beck, 2018). In business parlance, it is used for trading and
sending differential sort of products or services. It not only help in trading goods but also in
interchanging culture, values and norms on a world wide basis. It is beneficial for organisations
in adopting varied new and advanced technology as well as bring more innovations on a global
basis. Corona pandemic and global lockdown have impacted globalisation in many ways.
This project report encompasses the rationale of impact of covid-19 on globalisation in
business organisations. This also consists of discussion about how policy makers can curb
deglobalisation effect. This project also discusses about disadvantages of globalisation in UK
firms.
MAIN BODY
Discussion on how UK policy makers ensure deglobalisation does not happen
Degloablisation is considered as movement of individuals or establishments to less
connected world (Gregori, 2021). It is characterised by powerful nations, greater controls over
exports and imports. As contradictory to this, globalisation has characters of free movement of
goods and treaties of global institutions. Degloablisation is disadvantageous for organisations as
it minimizes the practices of international trade over a globe. This can impact movement of
goods and services which resulted in not providing sufficient variety of products to their
consumers. This can negatively hamper their image and led to lose of competitive edge in
market. In order to curb the impact of deglobalisation on UK economy, policy makers have
taken some decisions which are discussed below:
 Tariffs and other trade barriers- In UK, there are no important and strict trade barriers
on exporting or importing of goods. However UK global tariff is essentially applied to all
the products which are imported in country (Tariffs on goods imported in UK. 2021).
This tariff is suspended in case of free movement trade agreements with other countries
or any other special case. In order to curb impact of deglobalisation, policy makers can
avoid using tariffs in order to encourage companies to export their goods or services to
UK in large capacities. Trade barriers left customers with limited choice which
compelled customers to pay high prices for inferior quality products because of increased
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