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International Trade Assignment: Implications of Brexit

   

Added on  2020-06-06

12 Pages3710 Words31 Views
Political Science
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CRITICAL
International Trade Assignment: Implications of Brexit_1

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK...............................................................................................................................................11. Implications of key trends of goods and services in between Commonwealth countries..12. Implications of Brexit on trade and investment within in finance sector in the UK..........53. Critical evaluation of possible challenges and opportunities of a multinational enterprise inrelation to change the global trade landscape.........................................................................7CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................10
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INTRODUCTIONThe period of post Brexit was beneficial as there were large number of options whichwere available to countries so that they can easily develop trade relationship with other countriesall around the world. After the period of Brexit, it was beneficial for UK countries in order toreshape their policies while trade policies are growing in domestic factors and there was loss ofsovereignty and also autonomy of public (Altomonte, Colantone and Date, 2015). There washigh growth in economy concerns and also, climatic conditions were also changed which implieschanges in the global trading. The undermentioned report is based on period after Brexit and thechanging landscape in this global world. This factor is beneficial for the overall economy as itresults in development of overall nations.TASK 1. Implications of key trends of goods and services in between Commonwealth countriesThe concept of Intra Commonwealth is effective and it is growing rapidly in the economyas it results in achieving growth and success for firms. According to the index ratios, goodswhich were traded between different countries that were member nations are approximately $600 billion. There was growth of nations after post Brexit which implies that all the members ofcommon wealth games are giving importance to each other.1
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The intra common wealth trade is beneficial for all member countries as they are able toexpand their operations as there was higher growth in economy and people were able to easilyexpand business transaction all around the globe. According to above graph, trading betweenmember countries was lower in 2000 but after post Brexit period, there was rise in the economicconditions of the economy was gradually improved. There was higher growth noticed in the year2013 but in the year 2013, this growth rates largely declines and it have significant impact on themember nations.The trading of goods and services between different Commonwealth countries isbeneficial for overall growth of economy as there were large number of employmentopportunities generated so that people of different nations can easily fulfil all the basic needs oftheir life. The income level of people gradually increased and thus, it was beneficial forachieving economic growth and development of overall nations. The commonwealth countriesare having their main focus on expanding their operations at international market so that all poorcountries that are not having money can easily trade with them and they can provide growth anddevelopment for the overall economy. According to the views of Anderson, Juden and Rogerson,(2016) it has been identified that if there is an open system identified which is valuable factor in2Illustration 1: Intra- common wealth trade in goods(Source: Intra- common wealth trade in goods, 2017)
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