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A Global Business Plan

Determining the financial health of the United Kingdom: According to the CIA World Factbook (2003) The U.K., a leading trading power and financial center, is one of the quarter of trillion dollar economies of Western Europe. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs.

Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with only 1% of the labor force. The U.K. has large coal, natural gas, and oil reserves; primary energy production accounts for 10% of GDP, one of the highest shares of any industrial nation.

Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Still, the economy is one of the strongest in Europe; inflation, interest rates, and unemployment remain low. Gross Domestic Product per capita was estimated at $25,500 in 2002. According to a 1999 survey, the labor force of the U.K., by occupation, can be classified as follows: Services 74%, industry 25%, and Agriculture 1%. The U.K.'s import partners were, according to statistics compiled in 2002, Germany at 12.9% of imports, the United States at 11.9%, France at 7.8%, the Netherlands at 6.3%, Belgium at 5%, and Italy at 4.4% (CIA World Factbook Online, 2003).

2. Determine potential domestic and international sources of finance for the project: The most obvious international source of financing for this project would be the ABC parent company. In establishing a subsidiary in the U.K., ABC could opt to purchase 100% of the shares of stock in this newly formed corporation, under the laws governing incorporation under the laws of the United Kingdom....

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A Global Business Plan. (1969, December 31). In LotsofEssays.com. Retrieved 01:14, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1706864.html