Knowledge Management Essay Example | Topics and Well Written Essays - 5000 words

Information Management - Essay Example Subsequently, contemporary KM hypotheses can generally be grouped into three significant classifications: 1. Innovation centered: essential spotlight on the upgrade of advancements that encourage sharing/development of information. 2. Hierarchical: structuring and reshaping the authoritative condition in a manner to encourage information forms. 3. Natural: center around the connection procedure inside the authoritative condition including individuals, information and ecological components (Gordon and Edge, 1997). A comparative categorisation of the KM approaches is proposed in maybe the main conventional scientific classification of KM cutting-edge. Michael Earl (2001) put together his exploration with respect to exhaustive experimental information to distinguish three significant schools of KM: Technocratic: accentuation on data or advancements of KM. Monetary: information ought to be overseen correspondingly to different resources (for example stock, bonds, and so forth). Conduct: center around information trade as an in a general sense social procedure (p. 224). Be that as it may, current models and hypotheses of models are frequently hard to fit in this scientific categorization because of their integrative nature which includes components of each school. The underneath outline gives some key ideas and hypotheses related with successful KM framework. Principle Body One well known KM approach broadly utilized nowadays is a purported 'realistic administration'. Despite the fact that it isn't characterized in the Earl's old style scientific categorization logical administration is as of late getting progressively famous, particularly in the little to center associations. This methodology appears to be fairly near Earl's conduct worldview that sees information the executives and information trade as generally social procedures. The fundamental contrast of this worldview lies in the way that it doesn't infer genuine interests in the representatives and their inside and out... this paper portrays the fundamental thought of information the executives which is general †doing what is expected to capitalize on information assets †its functional usage may differ in every specific case. The varieties are not very genuine and generally concern the portion of consideration paid to either innovative or human part of KM while the key standards stay comparative in the advanced models of KM: unequivocal and implied information, intelligent nature of KM forms, expanded consideration psychological and inspirational parts of KM. Along these lines, the distinctions in KM frameworks executed are for the most part connected with various hierarchical structures and requests of the organizations. In spite of the fact that the provokes identified with structuring/execution of successful KM technique are not kidding the training keeps on exhibiting that they are not convincing. The most fundamental of these difficulties are recognized in the expert writing just as the elective ways and apparatuses to adapt to them. Tu summarize this paper supports that the central point adding to the disappointments of information the board techniques are profoundly alterable worldwide condition, combined with inability to adopt an all encompassing strategy to structuring the arrangement of information the executives, and generous assets required to plan and actualize a genuinely powerful KM program. Obviously, the first of these downsides has gotten better acknowledgments from the scholars whom create KM models, projects, and methodologies for present day associations.

Border Wall †An Issue to Solve

Outskirt Wall †An Issue to Solve Free Online Research Papers Out of the ceaseless rundown of issues between the United States and Mexico, illicit migration into the United States is the most significant. In the event that Mexico is the would help its residents by opening new position openings there would be less individuals coming to the United States wrongfully. The Border Wall isn't the best answer for prevent Mexicans from going to the United States wrongfully; it would likely urge more Mexicans to attempt to cross the Wall just to demonstrate to the United States that Mexicans can in any case move to the United States. Having a physical boundary between the United States and Mexico is repetitive. The Wall will isolate two nations that have been similar to sisters for a considerable length of time. I don't have faith in the development of the Wall since it will be a misuse of cash and beside that, Mexicans work like donkeys in return for not exactly the lowest pay permitted by law, something that an individual who is terminated from an eight-dollar an hour employment will do. In the event that the United States would help Mexico as opposed to battling it, things would be vastly improved for the two nations. In the Valley, numerous Mexicans work for not exactly the lowest pay permitted by law in houses and downtown stores. This has been accomplished for a considerable length of time. Why? Since residents won't carry out that responsibility, yet at the same time say that Mexicans have gone to the United States to take there employments from them. The U.S can help Mexico by making ventures and processing plants in Mexico. By doing this, the United States makes modest work and aides U.S and Mexico’s economy; it will likewise lessen the unlawful migration into the United States. Another approach to help explain migration issues in the valley would be by giving working licenses to Mexicans who need to work in the United States. For those Mexicans who are allowed authorization to work in the United States, duties ought to be charged as though they were residents. This will likewise support our economy and Mexico’s. Obviously, some wellbeing systems like historical verifications ought to be done so as to allow the working licenses. The United States would comprehend migration issues not by building the Wall, yet by making more openings for work in the United States and Mexico and charging expenses to the individuals who choose to work in the United States. Research Papers on Border Wall - An Issue to SolveThe Effects of Illegal ImmigrationNever Been Kicked Out of a Place This NicePersonal Experience with Teen Pregnancy19 Century Society: A Deeply Divided EraPETSTEL investigation of IndiaAssess the significance of Nationalism 1815-1850 EuropeTwilight of the UAWBook Review on The Autobiography of Malcolm XAppeasement Policy Towards the Outbreak of World War 2Quebec and Canada

Should You Really Be Preparing for iELTS Exams Using IELTS Essay Topics Samples?

Should You Really Be Preparing for iELTS Exams Using IELTS Essay Topics Samples?What you can expect from the iELTS essay topics samples can vary based on the type of study materials that you use. Although the iELTS course has a lot of high level information to help you learn how to speak properly, it does not necessarily mean that the information you are learning will transfer over to the real world.For one thing, the types of sentences and language practice that you find in the curriculum are meant to teach you how to know what is acceptable and not acceptable. Even so, in many situations you will be the one who decides what is acceptable and unacceptable.The important aspects of this involve cultural awareness and acceptance. In the real world there are not always boundaries to what is acceptable behavior, so you need to be prepared for that. It is this reason that the iELTS essay topics samples are not always a complete substitute for learning how to communicate with others in the real world.That being said, it should be noted that the iELTS subject test will be evaluated at a certain level, and even though the sample questions you will find will do a good job of preparing you for that evaluation, it may not be sufficient. After all, it will not be possible to ask all of the questions in a set of essay topics samples. Some questions will be too difficult or too easy to assess.The point is, if you are going to take the exam, you should find some open book to work from, so that you will be prepared for it. You may be able to get a good idea of what questions will be asked through online discussions in forums or discussion boards. This way you will get an idea of what questions the examiner will ask.Another thing to keep in mind is that even though the topics may be relevant, they are still just essays sample. They are only intended to give you an idea of how to set up and structure your own essay. Therefore, you should not expect them to make up for a lack of practice time, or preparedness.If you do end up taking the iELTS exam and then fail, it is best to start over at the beginning, so to speak. With a little time and effort, you will get better and be prepared for it.You should also remember that while the iELTS study materials will prepare you for the iELTS, you should still be making sure that you do enough practice. No amount of knowledge and practice is going to compensate for poor preparation. In other words, you have to really try to be ready for the iELTS exam.

Bill Gate The World s Largest Software Business

My chosen entrepreneur is Bill Gate, a man that has succeeded in his first years of entrepreneurial although he faced major challenges. He is the founder of the world’s largest software business, Microsoft, with his friend Paul Allen. Bill Gate became the richest men in the world since 1995 and remains in the top since then. He is also the founder of one of the largest charitable foundation, The Bill and Melinda Gates Foundation. Bill gate was born to a middle class family on October 28, 1955, In Seattle, Washington. He was very interested in computer programming since the age of 13 while he was in high school, The Lakeside School. In College, Gate pursued his passion and love to programming. Something that I always loved to learn was programming and software developing. However, there was little available course in the college I went to and I had no option to look for more knowledge in software (Biography , 2016). Bell is described in many sites that he is a good and voracious reader since his childhood. He was spending many hours pouring over reference books such the encyclopedia. Although Bill was doing good in school, his parents worried he might became a loner. Therefore, he was enrolled at Seattle’s Lakeside schools. In Lakeside School Bill met his friend and business partner Paul Allen. They spend much of their time together working on programs. Gate and Paul developed a software for a company that monitored traffic in Seattle. The company paid them for theirShow MoreRelatedBill Gates : The World s Prime Software Business1606 Words   |  7 PagesHenry Gates; who is well known as Bill Gates was born on 28th of Oct, 1955, in Washington. In age of 13 Gates started showing curiosity in computer programming when he was at Lakeside school and pursued his passion through college. Striking out on his own with his friend and business partner Paul Allen, Gates found himself at the right p lace at the right time. Through technological modernization, strong business strategy and aggressive business tactics, he built the world s prime software businessRead MoreBill Gates Leadership Quality1470 Words   |  6 Pages[pic] Bill Gates Early life, Personal life and Education: Bill Gates is one of the most influential people in the world. He is cofounder of one of the most recognized brands in the computer industry with nearly every desk top computer using at least one software program from Microsoft. According to the Forbes magazine, Bill Gates is the richest man in the world and has held the number one position for many years. Gates was born and grew up in Seattle, Washington USA. His father, William H. GatesRead MorePhl/458 Famous Thinkers Essay1060 Words   |  5 PagesPHL/458 October 8, 2012 Famous Thinkers While thinking of computer software, you begin to think of Microsoft. In fact if you use a computer, chances are that you will have some type of program on there that is developed by Microsoft. Bill Gates is the chairman and co-founder of Microsoft Corporation, the worldwide leader in software, services and solutions that help people and businesses realize their full potential. When it comes to discounted variety stores there are not many stores thatRead MoreBill Gates: The Real Most Interesting Man in the World766 Words   |  3 Pagesthan William Henry â€Å"Bill† Gates III (Khan, â€Å"Gates, Bill 1955-â€Å"). Gates, a prosperous entrepreneur and technology mogul, has demonstrated both practical and IQ intelligence through both his experiences and successes in life. Gates’ upbringing and childhood accomplishments along with his professional achievements and fierce personality all contribute to his outlier status in American society. Gates, born in 1955, was one of three children of William Henry Gates II and Mary Gates. Due to his fatherRead MoreBill Gates : An Accomplishment1243 Words   |  5 Pagesdollars. Bill Gates became one of the most wealthy, successful men in the world through his determination, his outstanding ideas, and being an consistent entrepreneur. He developed those qualities from his childhood and background, his present projects, and future plans he has with his fortune. Bill Gates has become co-founder of microsoft and has built the largest privately owned foundation in the world. Not many people in this world can say that they have accomplished what Bill Gates has in 60Read MoreLeadership Styles : Leadership Style780 Words   |  4 PagesIntroduction Leadership style is designed according to a pioneer s behaviors, which is enveloped under behaviorist theory. Inside of this class, distinctive examples of leadership behavior are watched and classified as leadership styles. Practicing managers have a tendency to be the most keen on looking into this specific theory in light of the fact that with it leaders can modify their style taking into account the convictions, values, inclinations and society of the association they work for.Read MoreBill Gates1393 Words   |  6 PagesBill Gates and His Computer Empire Just past 9 PM on October 28, 1955, the man who would revolutionize the computer industry as we know it, was born. The son of Bill Jr. and Mary Gates was named William Henry Gates III. The computer super-genius was soon to take his place in history. Within the last fifteen years the company that he and Paul Allan started, Microsoft, has become the largest software corporation in the computer industry. What is Bill Gates background, and how did he preserve hisRead MoreEssay on Microsoft Manages Legal and Ethical Issues1148 Words   |  5 PagesManages Legal and Ethical Issues S. Nevarez Olympic College OLRM 202: Introduction to Organizational Ethics Microsoft is the global leader in computer software, and well recognized in the field of corporate social responsibility and philanthropy. However, since 1990 the computing giant has been plagued by allegations of antitrust violations and monopolistic, non-competitive business practices. By answering the three questions posed in Part 5, Case 7 of Business Ethics: Ethical Decision MakingRead MoreBill Gates and Tim Berners-Lee: Their Contributions to Information Technology and the IT Industry1671 Words   |  7 PagesBill Gates and Tim Berners-Lee: Their Contributions to Information Technology and the IT Industry Nowadays, information technology is playing a significant role in human’s life. Actually, it has only been developing for several decades. In fact, there are two key men who contribute greatly for this process. They are Bill Gates and Tim Berners-Lee. This essay will explain their contribution to IT and its industry and discuss it in several aspects. There remain several differences betweenRead MoreEssay on Globally Successful Entrepreneurs986 Words   |  4 PagesMark Zuckerberg, Steve Jobs, Bill Gates, Jerry Yang, Walt Disney and so on. These were all the names often heard by us and often been a subject or topic discussed by everyone no matter in school or in the work place as a motivation to each other. They are a few examples of globally successful entrepreneurs. Their products are well known and useful. For example, Mark Zuckerberg created Facebook, Steve Jobs created Apple products, Bill Gates created Microsoft and so on. Their products were used widely

Graduation Speech Essay - 530 Words

It amazes me that we are finally here! Throughout the years, I have often thought about this moment. How it would feel to be with all of you, in our caps and gowns, finally graduating. I remember as a child, thinking about what I would look like when I was all grown up, how I would act, who I would love and what kind of person I would become. And now here it all is, were ready, were done with high school, and I couldnt be more thrilled or scared! We go through this twelve-year metamorphosis, and then one day, we wake up and its over, our ascent into adulthood has come. Were ready to face all that life has to throw at us, to make a life for ourselves, outside of school and childhood, to go to college, take a year off or get a job. Yet†¦show more content†¦I remember when I was in kindergarten, thinking that the first graders were so old, finally making it to my first grade class, and going home crying on the first day of school, having thought that I would learn to read that day. We have all these hopes and dreams as to what school and in turn life will be like. We didnt know what first grade was going to be like, just as we dont know how our years ahead will be. Last fall, I wrote in an article for our newspaper that senior year had been a let down: that there had been a lot of disappointments, and that it had not lived up to what I had expected. Now I say that senior year has been exactly what it should have been: a mixture of good and bad times, all coming together to create a year of great variation, each moment being different and changing. Each moment being fleeting. Weve had so many firsts. First dances, first dates, first kisses, first concerts and our first car. I think about all the times that I have had with my friends, playing tennis, going to movies, dressing up for spirit days, getting lost going to concerts, basketball games. And yet in all of the good times, I find that I, like most of you are desperately ready to graduate. We are ready to go out and make a life outside of high school. We, are ready for change. As easy as it is to retreat into memories of our high school past, of childhood fun, and new experiences, we need to embrace change. Embrace adulthood, allow ourselvesShow MoreRelatedGraduation Speech : My Graduation Essay1022 Words   |  5 Pages My Graduation A Graduation ceremony is one of the major steps in life, it marks the start of new changes in our lives. It ushers us into growing up and be responsible for our actions. It marks a new dawn of embracing life experiences, cultivation of good work ethics and eventually culminates in chasing our dreams. On my graduation day, I woke up to the sweet aroma of the breakfast my sister was making. I sat down to eat when the food was ready. It took me about 2 hours to finishRead MoreGraduation Speech1128 Words   |  5 PagesSasenarine Tomby Graduation Speech 2011 Good afternoon [name of members of the head table], teachers, parents, students, fellow graduates and distinguished guests. I must first and foremost thank God for this blessing and honor to stand before you today as Valedictorian of the Class of 2011. Yet, today is not only my day to shine. Every graduate present here is deserving of high praise and recognition and I would like to congratulate each of you on reaching this milestone in life. IRead MoreGraduation Speech650 Words   |  3 PagesCongratulations everyone, congratulations. If youre participating in this graduation ceremony, youve taken the next step toward your future goals and dreams. For those of you that just finished your transfer degrees, congratulations. To those of you that came back to school after a few years off to get a better education, congratulations. To those of you that came to get a certificate or learn IT or computer programming so you can get a better job, congratulations. Now that youre moving onRead More Graduation Speech Essay1010 Words   |  5 PagesLadies, gentlemen, parents, friends, family, staff, fellow students: Instead of taking up more time and reading my speech, it is available to you at http://www.olen’s_speech.com. Thank you. No, just kidding. But seriously folks... Today we are gathered here to celebrate our graduation from 12 long years of schooling. The education granted to us has been a privilege. One so graciously given to us by the citizens of our state, by our community, and by our parents. Today would not beRead More Graduation Speech Essay1009 Words   |  5 Pagesyou might ever sit through. Most of us, though, and I regret that I am in this group, will sit through many more ceremonies -- ceremonies longer and more tedious that this or anything else you can imagine. If you think this is bad, try a college graduation. Think, that is, attend a wedding. And, if just for a moment you think that that is bad, just be thankful you have never attended or will attend a Bar Mitzvah. The only ceremony I think anybody would truly enjoy attending is a funeral. But, onlyRead MoreEssay on Graduation Speech830 Words   |  4 Pagesthe senior class president. A few weeks ago, I was told that I would be speaking at graduation. I was asked to put together a speech for tonight -- Ive become experienced at speech writing over the past couple of weeks. The speech that you are hearing is the fourth one Ive written, the recycle bin needs to be emptied at home and I need a new highlighter. Thank you, Mr. Mier, you get an A+ for your help as my speech teacher but an F for saving trees. Tonight Id like to talk to three groupsRead MoreAn Example of a Graduation Speech653 Words   |  3 Pageswriting papers, doing homework, taking an occasional pop quiz, and of course taking countless exams, it is that time that we all anticipate†¦Graduation! Purpose Statement: Since the majority of us are seniors, and graduation is a little less than a month away, I am going to provide you with some historical background information and some fun facts about graduation in order to make the occasion even more meaningful than it already is. Road Map: Most of you could probably agree that high school wasRead More Graduation Speech Essay1516 Words   |  7 Pagesstudy abroad, and with the great help of the Turner family, Ms. Joy Fitzpatrick who is the international student program coordinator, and my parents, I entered America as an international student on March 11, 2001, only one week after my high school graduation in Japan. It seems as though yesterday when I saw my host mom crying at the airport to see me landed to America safely, as if she were welcoming back her own daughter. I still recall the very first class I took. I was so scared and nervous thatRead More Graduation Speech Essay1115 Words   |  5 Pagesthis graduation speech, several people suggested including a profound quote offering â€Å"encouraging advice to the young graduates†, and then there were others who said, â€Å"eh don’t worry about it, no one listens to those anyway.† Fortunately, I was actually able to take from both suggestions and found a happy balance. You see, I won’t tell you today to: â€Å"Dare to dream† or â€Å"Find your own vision† or even to â€Å"Strive for excellence,† or any trite clichà © that’s ever been said in a graduation speech. SoRead More Graduation Speech Essay560 Words   |  3 PagesWhen they were trying to find someone to give this speech they first asked the most intelligent, smart person they could find. But she turned them down. So then they asked the most beautiful, lovely, attractive person they could find. She also turned them down. Next they asked the nicest, sweetest, kindest, most sincere person they could find. Then I decided it would be rude to turn them down three times in a row, so here I am. How many people here like tomato soup? Come on, raise your hand if

A Portrait of the City of Mumbai Free Essays

City that never sleeps. Iambi, capital of Maharajah’s and financial capital of India, home to Plywood film industry and home to people from all over the country. The local language spoken here is Amaranth but English and Hindi are also spoken fluently. We will write a custom essay sample on A Portrait of the City of Mumbai or any similar topic only for you Order Now So a new visitor will not have much trouble. Temperature varies throughout he year. March- June is summer months with temperature reaching almost degree . June- October monsoon season with rain in full force. November to February is mainly winter months but being a coastal city the winters are mild here and pleasant weather. The Places to see here are the : colonial architecture from the Victorian times , the Gateway of India, the Cathartic Shiva Terminus building, the Hajji all mosque , film city . The famous Tag Mall hotel is located Just opposite the Gateway of India. The Iambi University buildings and the High Court are also excellent examples of colonial architecture in the city. Nehru science center and Nehru planetarium are very good place to visit as they have museum and planetary views shown at both centers Iambi has a few beaches, at Juju, Psychopath, Marvel. In addition to this, Iambi is also known for its own lip-smacking pap abaci, belle purr and kebabs. Iambi is a shopper’s delight with bargain buys, exclusive boutiques, ethnic markets and mini bazaars. The Iambi city also has a flourishing cultural life. Being the seat of the Indian (Hindi) film industry, Iambi stages regular performances in music, dance and drama. The Hindi film industry, also known as Plywood, produces the largest number of films in the world. Iambi caters to the needs of almost all sections through sporting activities, nightclubs, pubs, theaters, beaches, shopping Malls and restaurants. Old and new, rich and poor, classical and modern- Iambi is truly a melting pot! A Portrait of the City of Iambi By Misunderstanding How to cite A Portrait of the City of Mumbai, Papers

The Political Economy of Great Britain

The Political Economy This paper seeks to discuss the political economy of Great Britain. Great Britain is made up of England, Wales, and Scotland. Great Britain is ranked number four in Europe in terms of population density. A majority of the inhabitants of Great Britain are English making up 80 per cent of the present population. The remaining percentage is made up of the Scottish, Welsh, and Irish people. Great Britain is part of the G8 meaning that it has a stable economy (Gorton and Schmid 4).Advertising We will write a custom report sample on The Political Economy of Great Britain specifically for you for only $16.05 $11/page Learn More Great Britain has achieved economic prowess despite the fact that it has to import most of its raw materials. On top of that, Great Britain imports 40 percent of its food supply. The country’s economy relies heavily on the exportation of manufactured goods. The major exports include â€Å"machine tools, auto mobiles, aircraft, electronic and communications equipment, clothing and textiles, and chemicals† (Washington Post Press 1). More than two thirds of the GDP are derived from the services industries which are made up of the banking sector, insurance sector and business services. These sectors have employed close to 70 per cent of all employees in Great Britain. In addition, â€Å"Great Britain is a constitutional monarchy† (Washington Post Press 1). The constitution of Great Britain is a collection of statutes, judicial decisions, usage, and tradition. In Great Britain, sovereignty is vested in parliament. Parliament is made up of the House of Commons, the House of Lords, and the crown. Furthermore, the British system of corporate governance supports the principle of shareholder sovereignty (Anglo Saxon model of capitalism); the returns of the corporations’ stakeholders are given priority (Evans 23). The British company law contains mandatory rules on neither of t hese matters, though it prohibits neither feature and seems sufficiently flexible (Mallin 4). In Great Britain, institutional investors are exceptionally powerful because of the level of their ownership. According to as report produced by the Office of National Statistics in 2005, institutional investors own the majority of the Great Britain equity, with insurance companies such as the Standard Life owning 17 percent of the Great Britain equity by the end of 2004 (Mallin 6). Policy makers argue institutional investors are extremely important in ensuring that corporate governance best practices are followed. This has resulted into a sea of change in the Great Britain’s corporate ownerships. These changes have led to a shift of share ownership from individual ownership to institutional ownership. Office of National Statistics has reported that in 1963, individual investors in the Great Britain owned 53 per cent of shares (Mallin 7). The percentage of individual share ownership has fallen steadily in the last forty years. In 1989, it had fallen to 21 percent. Amazingly, individual share ownership had fallen to 14 percent in 2004.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In contrast, institutional ownership has increased steadily over the past five decades (Mallin 8). Most of the institutions that own shares are large insurance companies and pension funds. The Office of National Statistics has indicated that the percentage of institutional ownership has grown from 10 percent in 1963 to 17 percent in 2004 (Edwards and Banks 67). On top of this, the corporate industry of the Great Britain has realized a dramatic increase in the number of foreign institutional investors (Rahman and Bullock 68). Great Britain and the Economic Recession Like other European nations, Great Britain was significantly affected by the global financial crisis. Great Britain started fee ling the heat of global recession in January 2009. The Office of National Statistics announced that the GDP had fallen by 1.5 per cent during the final quarter of the financial year of 2008 (Brown 1). In the first quarter of 2009, the GPD fell by 2.4 percent, and by June 2009, Great Britain’s economy was 5.5 per cent below its peak (Brown 1). The recession that occurred in Great Britain was as a result of the larger global financial crisis that began in August 2007. The most hit sector of the economy was the banking sector. Banks accumulated huge debts having invested earlier in assets that later turned out to be unsafe, illiquid and worthless (Vaitilingam 5). As a result, domestic and foreign investors withdraw their capital. The housing sector was the other hardest hit sector of the economy. The economic crisis led to a significant drop in the prices of houses in Great Britain. As a result, potential sellers withdraw their houses from the market (Vaitilingam 5). In addition , the employment sector suffered a huge blow. By the end of 2009, 573,000 jobs had been lost representing the highest number of job losses since 1971(Brown 1). Great Britain and the EU The European Union is made up of 27 European nations, which share political and economic privileges. The EU has various supranational independent institutions, which form a link between the cooperating nations. These institutions offer a channel through which intergovernmental decisions are met. The European Commission and the council of the European Union are the chief institutions of the EU. Others include the European central bank, the European council and the European parliament. In addition, the court of Justice of the European Union is a key legal institution of the EU. The Europe parliament is involved in the formation of laws which govern the EU’s member states. The EU has established a single market by formulating well defined laws. Under this system, most of the barriers which hinder trade between member states have been abolished. As a result, there is free movement of goods and services between member states. The most significant legislations are related to immigration, foreign investment, and foreign exchange. The EU has established a single currency for all its member states.Advertising We will write a custom report sample on The Political Economy of Great Britain specifically for you for only $16.05 $11/page Learn More As a member, of the European Union, Great Britain benefits in a number of ways. The concept of single market has made companies operating in EU member states to lower the prices of their products so as to become more competitive (DTI 3). This concept also makes its easier for companies from Great Britain to conduct business in other EU member states. In addition, the concept of single market ensures that no customs duty is paid on goods being exchanged between EU member states. Great Britain also benefits from th e policy of free movement of citizens between the EU member states. This policy allows Britons to live, study, work and travel to other EU member states. Statistics indicate since 1995 more than 100,000 students have studied in other EU member states (DTI 3). These statistics further indicate that close to 3.5 million jobs in Great Britain is a result of Great Britain’s EU membership (DTI 3). The only disadvantage of joining the EU is that a country might lose its sovereignty (DTI 3). However, the pros for joining the EU are much greater than the cons. Foreign Investment in Great Britain Great Britain boasts of a number of features which attract investors (Trade and Investment 1). First, any business that operates in Great Britain is guaranteed of fast, easy access to the European market. Secondly, Great Britain has close to 28 million skilled workers. As such, any business that operates in Great Britain is likely to get the right people for the job. Third, Great Britain has low utility costs. Fourth, Great Britain has established a regulatory environment that promotes growths and profits. Fifth, Great Britain has low corporate and personal taxation. Sixth, Great Britain is a center of world class research, design and development. On top of that, Great Britain has eliminated most barriers which hinder foreign investments. Conclusion In summary, Great Britain is made up of England, Wales, and Scotland. Great Britain is ranked number four in Europe in terms of population density. A majority of the inhabitants of Great Britain are English making up 80 per cent of the present population. Great Britain has achieved economic prowess despite the fact that it has to import most of its raw materials. On top of that, Great Britain imports 40 percent of its food supply. The country’s economy relies heavily on the exportation of manufactured goods. Like other European nations, Great Britain was significantly affected by the global financial crisis. Great Bri tain started feeling the heat of global recession in January 2009. The Office of National Statistics announced that the GDP had fallen by 1.5 per cent during the final quarter of the financial year of 2008.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The hardest hit sectors include the banking, employment, and housing sectors. Great Britain boasts of a number of features which attract investors: a business that operates in Great Britain is guaranteed of fast, easy access to the European market, Great Britain has close to 28 million skilled workers, low utility costs, and low corporate and personal taxation. In addition, Great Britain has eliminated most barriers which hinder foreign investments. Works Cited Brown, Cooper. â€Å"The Global Economic Recession†. UK Times 15 Dec. 2010: 1-10. Print. Department of Trade and Industry (DTI). Implement – from Quality to Organisational Excellence. March 2008. Web. Edwards, Jehnan, and Fischer, Khan. Banks, Finance and Investiment in the UK. Cambridge: Cambridge University Press, 1996. Print. Evans, Joel. Decision processes, monitoring, incentives and large firm performance in the UK. Aberdeen: The Rober Gordon Univerity Press, 1995. Print. Gorton, Garry, and Schmid, Anthony. Universal banking and the performance of UK firms,Workingpaper. Pennsylvannia: University of Pennsylvannia Press, 1998. Print. Mallin, Claw. International Corporate Governace: A case Study Approach. Cheltenham: Edward Elgar Publishing, 2006. Print. Rahman, Saul. and Bullock, P. Relationships Between Soft TQM, Hard TQM, and Organisational Performance. March 2002. Web. Trade and Investment. Benefits of Investing in the UK. October 2012. Web. Vaitilingam, Romesh. Recession:Britain. London: ESRCPress, 2010. Print. Washington Post Press. â€Å"Great Britain†. The Washington Post 23 May 2008: 1-10. Web. This report on The Political Economy of Great Britain was written and submitted by user Esmeralda Hines to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.