Economic Environment Assessment Strategy for Desklib

The Economic Environment
Assessment Strategy

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
1. Discussing the UK policy makers can ensure that factors does not happen in UK.................3
2. Discussing Five key advantages of globalization on UK firms...............................................5
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Economic environment is the environment which includes the external factors of the
economics that used to influence the buying behaviour of the customers and business and affects
the performance of the company. This report will outline that the UK policy- makers can ensure
that factors does not happen in UK which are evaluated in the report. Further this report will
outline the benefits of the international trade in order to attain the profits. At last this report will
outline the five key advantages of globalization on UK firms.
1. Discussing the UK policy makers can ensure that factors does not happen in UK
International trade and the cross border investments has created the threat of globalization
in the markets. The policy- makers is the broad term that used to cover the responsibility of the
people in order to formulate and amend the policies of the economy (Ballicu and et.al., 2022). At
the national level it includes the Ministers with their advisers, civil servants, MPs Lords and the
other advisory staff. There were many policies that the UK policy- makers can ensure that this
not happen in the UK which are as described below:
1. Tariffs and other trade barriers: The common barrier to have trade is the tax on
imports. By having the tariffs it increases the prices of the imported good as
compared to the domestic goods: The UK policy- makers has make the best
policies which helps the country to have the smooth flow in the global market. As
the UK has no such trade or investments barriers. The country also not have any
restrictions on the transfer of the capital or on the repatriation of the profits.
2. Subsidies to UK business: The export subsidy used to reduce the price give by the
foreign importers which concludes that the domestic customers to pay more than
compared to the foreign countries. By having the subsidies it will make the goods
cheaper to produce relative to the foreign markets. The policy- makers of the UK
will help the business to have the financial support by having the new subsidy
control system. By providing subsidies to the business of the UK will have them
to produce the goods at the lower rates.
3. Policies related to produced over foreign goods and services: As there is no
significant policy related to the produced over the foreign goods. The UK policy-
makers must ensure that this is not happened in the market of UK (Côté, Estrin