LSBM004 Presentation: Analyzing Globalization's Impact on UK Economy

This presentation analyzes the multifaceted impact of globalization on the UK economy, focusing on key aspects such as trade opportunities, the influence of multinational corporations, and the implications of Brexit. It delves into the economic and social dimensions of immigration, examining its effects on employment, social diversity, and potential issues like racism. The presentation provides a balanced view, acknowledging both the benefits and challenges associated with globalization, including structural unemployment and complicated tax regimes. It concludes by suggesting that while globalization offers short-term advantages, long-term issues require careful consideration, and that opting out of globalization might be a solution. The presentation references various academic sources to support its findings and provides a comprehensive overview of the subject.

Globalization

Covered Content
 Introduction
 Positive impact of globalisation
 Negative impact of globalisation
 Pre and Post Brexit situation
 Immigration (economic)
 Immigration (Social and employment)
 Conclusion
 References

Introduction
Globalisation is a process where different organisation start their
operations at global scale. The aim of this presentation is to
analyse the affect of globalisation on developed economies like
UK. Some important topics like immigration will also become
part of this presentation. This topic is chosen for the
assignment because It is blamed for Brexit and unemployment.
People are yet to find that whether it is good or bad for
economy.

Positive impact of globalisation
 More trading
opportunities
Promote positive competition
(Hirst, Thompson and
Bromley, 2015).
 Increment in export and
import

Negative impact of globalisation
 High dominance of MNCs
 Less opportunities to small
firms (Docquier and
Rapoport, 2012).
 Structural unemployment
 Complicated tax regimes

Pre and Post Brexit situation
Pre-Brexit
 Brexit is happening
because of increased
gap between rich and
poor people (Costinot
and Rodríguez-Clare,
2014).
 Less number of jobs in
the country.
 Aggressive promotion
by anti-globalisation
parties.
Post-Brexit
 Creation of more jobs
can happen post Brexit.
 Cheap availability of
finance.
 Less number of
immigrants in the
country.

Immigration (economic)
 UK has seen continues
economic growth because
of high number of
immigrants (Cetorelli and
Goldberg, 2012).
 Few people think that
immigrate do not make
any positive impact on the
economy as most of them

Immigration (Social and employment)
 Immigrants bring
diversity in a country.
But they are also
blamed for promoting
the issues like racism
(Rai, 2013).
 People with criminal
record do not easily
get jobs in an nation.

Conclusion
It can be concluded from the above presentation that
globalisation is beneficial for short term. In the longer period
it tends to raise certain problems for an economy such as
stagnant wages and structural unemployment. But this does
not means that sending immigrants out of the country or
stopping them to enter in the country will make any positive
affect on the economy. Therefore economies such as Britain
are opting out of globalisation and tend to restore the balance
in the economy.

Thank you
• Any questions?

References
Cetorelli, N. and Goldberg, L.S., 2012. Banking globalization and monetary transmission.
The Journal of Finance. 67(5). pp.1811-1843.
Costinot, A. and Rodríguez-Clare, A., 2014. Trade theory with numbers: Quantifying the
consequences of globalization. In Handbook of international economics (Vol. 4, pp.
197-261). Elsevier.
Docquier, F. and Rapoport, H., 2012. Globalization, brain drain, and development. Journal
of Economic Literature. 50(3). pp.681-730.
Hirst, P., Thompson, G. and Bromley, S., 2015. Globalization in question. John Wiley &
Sons.
Rai, S.M., 2013. Gender and the political economy of development: From nationalism to
globalization. John Wiley & Sons.
Ritzer, G. and Dean, P., 2015. Globalization: A basic text. John Wiley & Sons.
Stromquist, N.P. and Monkman, K., 2014. Defining globalization and assessing its
implications for knowledge and education, revisited. Globalization and education:
Integration and contestation across cultures, 1. pp.1-21.