BM413: Global Business Environment Portfolio - Economic Policies

This portfolio presents an in-depth analysis of the global business environment, examining the impact of economic policies on various countries. It begins by exploring President Trump's economic policies and their effects on foreign economies such as the UK and China, considering aspects like tax cuts, trade policies, and their consequences on financial markets and globalization. The second part of the portfolio investigates how emerging economies, specifically India and China, are presenting opportunities for global expansion, highlighting the role of foreign direct investment (FDI) and analyzing examples of businesses capitalizing on these opportunities. Finally, the project assesses the risks faced by global social media firms like Facebook, Twitter, and Instagram, from government regulations, including data protection laws and content moderation, and discusses the potential impacts of these regulations on the firms' operations and strategies.

Global Business Environment
Portfolio

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Describe and explain how President Trump’s approach to economic policy impacts upon
foreign economies such as the UK or EU or China................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3

INTRODUCTION
The president Trump key economic policies that covers the system to get set the taxation,
budgets, interest rate etc in the foreign economies is as characterised as the tax cuts that is
provided to the corporate and the individual as it is the attempt to ("Obamacare") or as Patient
Protection and Affordable Care Act, restriction in immigration, trade protectionism,
deregulation focused on the financial and the energy sectors and the pandemic on coronavirus in
2020 (Amiti, 2019). The key factor of these strategies is to boost to economic growth of the
country by cutting the tax and spend additional amount to increase the federal budget of deficits.
He work with the aim to focus on security, strengthen boarder defence, fight against terrorist and
control on immigration.
MAIN BODY
Describe and explain how President Trump’s approach to economic policy impacts upon foreign
economies such as the UK or EU or China.
The key impacts of president Trump economies policy on UK are as depend on the basis
of cut of income tax and corporate tax cut and it will be dropped out to the 37% as per Clinton
rate, raised the deduction for the married couple as $24,000 extract from personal exemption,
deduction on local and state tax to $10,000, enhance the credit of child tax to $2,000, estate tax
will become double to $11.2 million (Trump’s Economic Policies, 2019). These all enhance the
economic rate that also helps to increase the incentives and the tax payers face full cost mortgage
rather than implicit subsidy. Whereas the key impact of China economy policy has the slowdown
in the positioning portfolio and it has affected the GDP growth as it reduces the commodity
exposure, enhances the diversification, hedge on ETF’s (The Effect of a China Slowdown on the
Global Economy, 2019).
Globalisation will includes the different factors as like fluctuation in the prices, insecurity
of the jobs, fluctuation in the economy, terrorism, flow of better capital and many other factors
as well. It has the positive impact to develop more job and opportunity for new industry.
Whereas, it has the negative impact as well in which the poorer country has forced to get worked
in match of developed country (Goetz, 2018).
The manufacturing department has the huge impact on the environment as it creates more
pollution thus China comes with the law (Environmental Protection Law) in that 1800 companies
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get punished and get fined of 870 million Yuan (Pollution in China and the Impact from the
Manufacturing Sector, 2018) and under that the pollution index get observed under that balanced
will get maintained. Trump and the US force always looks for the method through which they
push companies to move out their manufacturing from China.
The stock market has the major impact on the economy as if the interest rate develops the
borrowing cost will get more developed (Zhang, 2019). The slowdown of business investments
and the consumer spending will reduces the growth of economy as then the fiscal policy will get
affect the economy of all country. The trade barrier as like tariff increases the cost while reduces
the quality of products that result in decrement of income, decreased the employment, reduce
economy, reduces the GDP etc. The import and export policy includes the different decision that
is taken by the government to conduct the foreign trade and for this trade policy will get
introduce as it is develop to encourage the trade by making favourable balance of payments. UK
has introduce the point based immigration in the upcoming year 2021 as in that point get
assigned on the basis of skills, educational qualification, salary, occupation, visas and from all
the point get provided to each individual.
CONCLUSION
It has been concluded that the president Trump induces the different better scope and
investment in order to generate more economy and with that provides a lot of job opportunity in
the market by which more people get the healthy wage. On the other hand the china has been
going through with the economy slowdown and for that they allow the producer that didn’t pay
the value added tax to develop the export sector.
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Global Business Environment
Portfolio
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Table of Content
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Discuss and interpret how emerging economies are presenting opportunities for global
expansion for businesses using examples to illustrate your work..........................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5
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INTRODUCTION
Emerging economies includes the wider market that has the characteristic to get
developed the market and includes the market that might get developed in the future or already
get developed in the past (Luthra, 2018). It has dependable of the growth of the market thus have
more powerful impact on the economy and the global trade. It has robust the development and
the growth of all the different nations that could develop the economy (Emerging market
economy, 2020). There are some different emerging economies that are as India ($3.202 trillion),
Russia ($342,226 million), Mexico, China ($14.3 trillion) and economy imparts higher living
standard.
INIDA AND CHINA ECONOMY POLCIES
Discuss and interpret how emerging economies are presenting opportunities for global expansion
for businesses using examples to illustrate your work.
FDI (foreign direct investment) of India has plays the different role as like manages the
capital inflow of the investors in order to strengthen and development of the infrastructure,
creation of more job opportunities, development of productivity, mobilised the exchanges
resources, advancement of technology. They have increased or boost the manufacturing and the
service sector as well by creating more jobs by which unemployment get reduced that
furthermore enhances the income and buying power of people (Role of FDI in the Economic
Development of India, 2018). The role of FDI in China is that they developed the economy by
managing the export success and act as the catalyst to reform the economy (Mani, 2018) and
raises to 6.0 percent as like 845.94 billion in the year 2019. They have contributes to the
exceptional growth and development of the country and attracts the labour cost, quality of
infrastructure, policies of government and many others too (6 Factors Driving Investment in
China, 2020).
India has been providing the opportunity to the aviation and the insurance services to spur
the economy the finance minister also suggested limiting the pension and insurance of the
company as 74% to the 49% as it helps to develop the GDP to 6%. The PM wants to double the
income by $5 trillion as per the year 2025 (India to propose easing foreign investment rules
further, 2020) in order to generate more opportunity and emerging. They provide the support to
the bidder and government also decides to dispose the Bharat petroleum that is the second largest
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refiner of the world. They have rule in manufacturing and mining as like Apple plc and BHP
group. In addition to this China will provide the opportunity to international company and in that
have the availability of the capital, competitiveness as they have most developed infrastructure,
the sheer size of China attract investor and have openness in the regional and the international
trade(Shirodkar, 2018). The companies also get a good impact as they get developed more sales
and better profit within the certain period of time.
Internationalisation is more important and it is needed to self transformation as it helps to
get learn the new culture and better service place Mi that has huge benefit in the Indian market
and get more profit. On the other hand the general motor has huge business in China rather than
US.
CONCLUSION
It has been concluded from the above report that emerging trends helps the country to get
developed their business and it’s GDP and it has around 40% purchase power parity and it has
the vigorous change and have developed more advancement.
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Global Business Environment
Portfolio
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Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Summarize the rising risks global social media firms such as Facebook, Twitter and
Instagram, face from proposed or actual government regulation and explain the possible
impact this could have on the firm.........................................................................................1
CONCLUSION................................................................................................................................2
REFERENCES................................................................................................................................3
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INTRODUCTION
Social media is technologies that is interrelated with the computers and facilitate the
information sharing by which people get easy convey their feeling and idea to other people and
helps all to get along with the common platform at where the views, information and relative
data will get transferred from one person to others. Whereas, the regulation of social media
support to spread the regulated content and argues to promote misinformation, defamation, hate
speeches etc. It includes the different sites as like Facebook, Tiktok, Twitter, Instagram and
many others as well. The decision comes when all the different countries has set together to get
manages the accountability in order to procure the information (Lindqvist, 2018). It has been
done to get aware from the different concerns to reduce or removes the circulation of the fake
news, racist, radicalized and many others as well. A media regulation law enforced to intervene
and encourage effective market of media.
MAIN BODY
Facebook
Summarize the rising risks global social media firms such as Facebook, Twitter and Instagram,
face from proposed or actual government regulation and explain the possible impact this
could have on the firm.
The General Data Protection Regulation (GDPR), that has came into the existence on the 25
May 2018 in order to protect and secure the data all across the Europe. It has been applied to all
the different companies that will process the data of each personality in EU in regards of the base
or origination of company (What is the General Data Protection Regulation (GDPR)?, 2020). It
has been related to the personal data that will get managed, stored, collect, destroyed or get used
by the company. The current EU data protection rules has wider prospect and provides the equal
right to each individual to transfer and assess the better information. The data protection will get
central from the Facebook, Instagram, Whatsapp and Oculus. They have been comply within the
EU data protection act and the GDPR will led by the Dublin based team of data protection and
get supported by the largest team that is cross functioned by the Facebook (Politou, 2018). It
could have the strong impact on the social media platform and that are as defined below as:
 Transparency: The data policy defines the process that is used to get personalised the
individual’s data and they get provide the education to the public about the data policy.
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They have performed the campaigns to spread more awareness that the data that is used
by the public is by of their own choice.
 Control: They have the control on the data that is used by the public and brings new
control to develop the privacy setting by which it is easier to get understand the better
knowledge and keep update.
 Accountability: As per the privacy principles the data will get more secured and they
have a team that will manage the documentation and compliance all the regulation and
the policies will get appraised in the daily practices. They have taken the feedback from
the individual and then furthermore bring the advancement (Wachter, 2018).
These laws has been working under the different social media to hinder the success and that is by
managing the conversation with the social media, develops the strategy as per time management
and be focused to get secured the different data of the public.
It has huge impact on the companies as they must have follow all the rules and regulation
that get associated to provide safety and security to the people and for this they have must
provide the adequate path through the misinformation will not get conducted. These laws help to
make the life of the people more easy and free from every threat and thus the better transparency
and control will get maintained by using different software.
CONCLUSION
It has been concluded from the above report that the companies must ensure that the data
will get secured by which the better and secured connection will get maintained with the large
number subscribers. In that they will always be impersonators, encrypt the linked information,
and keep their password more secure, use the better software, and didn’t share the personalised
data on social networking sites.
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REFERENCES
Books and Journals
Amiti, M. and et. al., 2019. The Impact of the 2018 Tariffs on Prices and Welfare. Journal of
Economic Perspectives, 33(4), pp.187-210.
Goetz, S.J. and et. al., 2018. The economic status of rural America in the President Trump era
and beyond. Applied Economic Perspectives and Policy, 40(1), pp.97-118.
Lindqvist, J., 2018. New challenges to personal data processing agreements: is the GDPR fit to
deal with contract, accountability and liability in a world of the Internet of Things?.
International journal of law and information technology, 26(1), pp.45-63.
Luthra, S. and Mangla, S.K., 2018. Evaluating challenges to Industry 4.0 initiatives for supply
chain sustainability in emerging economies. Process Safety and Environmental
Protection, 117, pp.168-179.
Mani, V. and Gunasekaran, A., 2018. Four forces of supply chain social sustainability adoption
in emerging economies. International Journal of Production Economics, 199, pp.150-
161.
Politou, E. and et. al., 2018. Forgetting personal data and revoking consent under the GDPR:
Challenges and proposed solutions. Journal of Cybersecurity, 4(1), p.tyy001.
Shirodkar, V. and et. al., 2018. Firm-level determinants of political CSR in emerging economies:
evidence from India. Journal of business ethics, 148(3), pp.673-688.
Wachter, S., 2018. Normative challenges of identification in the Internet of Things: Privacy,
profiling, discrimination, and the GDPR. Computer law & security review, 34(3), pp.436-
449.
Zhang, D. and et. al., 2019. Economic policy uncertainty in the US and China and their impact
on the global markets. Economic Modelling, 79, pp.47-56.
ONLINE
What is the General Data Protection Regulation (GDPR)?, 2020, [Online] Available through: <
https://en-gb.facebook.com/business/gdpr >.
Trump’s Economic Policies, 2019, [Online] Available through: <
https://www.hoover.org/research/trumps-economic-policies-assessment-part-1 >.
The Effect of a China Slowdown on the Global Economy, 2019, [Online] Available through:
<https://www.thebalance.com/how-would-china-s-slowdown-affect-the-global-economy-
1979076>.
Pollution in China and the Impact from the Manufacturing Sector, 2018, [Online] Available
through: <https://www.cmc-consultants.com/pollution-in-china-and-the-impact-from-the-
manufacturing-sector-facts>.
Emerging market economy, 2020, [Online] Available through: <
https://www.investopedia.com/terms/e/emergingmarketeconomy.asp >.
Role of FDI in the Economic Development of India, 2018, [Online] Available through: <
https://www.tradingbells.com/blog/role-of-fdi-in-the-economic-development-of-india/>.
6 Factors Driving Investment in China, 2020, [Online] Available through:
<https://www.investopedia.com/articles/economics/09/factors-drive-investment-in-
china.asp>.
India to propose easing foreign investment rules further, 2020, [Online] Available through:
<https://economictimes.indiatimes.com/news/economy/finance/india-to-propose-easing-
foreign-investment-rules-further/articleshow/73182779.cms?from=mdr>.
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