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Influence of BREXIT in Global Economy Report

   

Added on  2020-04-13

16 Pages3559 Words49 Views
Political Science
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Running head: INFLUENCE OF BREXIT IN GLOBAL ECONOMYINFLUENCE OF BREXIT IN GLOBAL ECONOMYName of the StudentName of the UniversityAuthor Note
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1INFLUENCE OF BREXIT IN GLOBAL ECONOMYExecutive SummaryThe report has shed light on the impact of Brexit over the organization in the UK. The majoreconomic problem faced by the nation was the reason behind the detachment of economicalignment from other European Union companies. The trade relation and the negotiation strategywere the important aspects that continue the differentiation process in between marketplace ininternal and external process. The labor market and the influence of supermarkets were importantin this aspect to analyze the issue of Brexit and its impact on the economic condition of Britain.There was certain government negotiation process to enhance the business scenario was theimportant aspiration that companies can get from the UK government but that was not enough tomitigate the effect of Brexit.
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2INFLUENCE OF BREXIT IN GLOBAL ECONOMYTable of ContentsIntroduction......................................................................................................................................3Overview of Brexit..........................................................................................................................3Challenges and Opportunity in Business due to Brexit...................................................................5Company operation and business expansion in the UK..................................................................7Company investment and UK business operation...........................................................................9Activities for joining or moving out from the UK.........................................................................11Recommendation...........................................................................................................................12Conclusion.....................................................................................................................................12References......................................................................................................................................14
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3INFLUENCE OF BREXIT IN GLOBAL ECONOMYIntroductionUK elected to depart from European Union (EU) on 23rd June 2016. The invocation of thearticle 50 of the Lisbon Treaty initiated on that issue and that departing process ended up by theconclusion of the treaty of March 2017. Brexit may be implemented in several ways but the mainaspect of the process was the negotiation principles. UK declared that they had a greater idea ofmanaging Government aims and services thus they did not need further support from EU. TheUK was not being able to the European court of justice and has gained a partial membership toEuropean Court of Justice (Adler-Nissen, Galpin and Rosamond 2017). The government hadaimed to control over the immigration and able to stick their law over the trade level. There isbasically two approaches had been taken by the executives to the Brexit process. One of themwas the Defensive approach, which was taken to minimize the risk factor of Brexit as the dealingprocess intrinsically unsafe and the task of compromise as one of annoying to keep as many ofthe profit of EU association as possible. The other approach was the Aggressive approach, whichcentered on the possible benefit and set the future trends in the UK that also provide thefundamental continuous process of business threat and development. In this report, the impact of the global economy and the government approach in the UK was themain concern. The negotiation process and the fundamental opportunities were the primeconcern in this report and what were the chances of establishing a business was started over here.Overview of BrexitThe most important decision that had been taken by the UK at the ballot box where theoverstatement of EU had been nullified and most of UK government set their aims to complete
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