Impact of International Trade and European Union on the British Companies
Impact of International Trade and European Union on the British Companies Table of Contents 1. Introduction 1 2. Findings 2 2.1. Benefits of International Trade 2 2.1.1. Adoption of technologies 2 2.1.2. Access to raw materials 2 2.1.3. Lesser dependency on one market 2 2.2. Relation of British Companies to the World Economy 2 2.3. The impact of European Union policies on British manufacturing organizations 2 2.4. Policies Impacting Decisions for Export within the EU 3 3. Conclusions 4 4. Recommendations 4 5. References 5
1. Introduction
Dear colleagues I have been assigned to write this report in order to explain how British manufactures are involved into world economy and EU market are and how they are impacted by EU policies. I have decided to prove my points using recent EU issues that we are probably all familiar with even though they are not related to our industry because of accessibility of information. This report was written according to Briefing Sheet (Gannon, 2012) for Mr. Dave Gannon. It was assigned on 11.3. 2012 and it is due 30.3. 2012. In this report I am going to discuss the various factors both European and Global that influence British economy and companies operating within the economy. In the following sections of the report I will present all the findings on the topic. Also conclusions will be drawn and recommendations made at the end. 2. Findings 3.1. Benefits of International Trade
There are enormous amounts of benefits of international trade towards domestic companies; however I decided to discuss only the most important ones. These are: adoption of new technologies, access to raw materials, and lesser dependency on one market. 3.2.1. Adoption of technologies
International trade offers companies opportunity to access technologies that were not developed in the UK and adopt them. It is far cheaper and easier to buy an existing technology of an international market then to
1. Introduction
Dear colleagues I have been assigned to write this report in order to explain how British manufactures are involved into world economy and EU market are and how they are impacted by EU policies. I have decided to prove my points using recent EU issues that we are probably all familiar with even though they are not related to our industry because of accessibility of information. This report was written according to Briefing Sheet (Gannon, 2012) for Mr. Dave Gannon. It was assigned on 11.3. 2012 and it is due 30.3. 2012. In this report I am going to discuss the various factors both European and Global that influence British economy and companies operating within the economy. In the following sections of the report I will present all the findings on the topic. Also conclusions will be drawn and recommendations made at the end. 2. Findings 3.1. Benefits of International Trade
There are enormous amounts of benefits of international trade towards domestic companies; however I decided to discuss only the most important ones. These are: adoption of new technologies, access to raw materials, and lesser dependency on one market. 3.2.1. Adoption of technologies
International trade offers companies opportunity to access technologies that were not developed in the UK and adopt them. It is far cheaper and easier to buy an existing technology of an international market then to
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