Doing Business in the United Kingdom

Syllabus of the Subject - Doing Business in the United Kingdom (Great Britain) - London.

1. Introduction to the United Kingdom (European Union)
2. British Economy
3. Economic impact of the BREXIT
4. Strategic importance of the Commonwealth
5. Relations with the United States
6. British Manufacturing Industry
7. British Service Sector
8. British Foreign Trade
9. Foreign Direct Investment (FDI) in the United Kingdom. British Investments Abroad
10. Doing Business in London
11. Case Study:
    1. Doing Business in Yorkshire and Humber
    2. Mohamed Ibrahim
12. Access to the British Market
13. Business Plan for the United Kingdom

The objectives of the subject “Doing Business in the United Kingdom” are the following:

1. To analyse the strengths of the British Economy and Foreign Trade
2. To understand the causes of the BREXIT and its economic implications
3. To evaluate the business opportunities in the British Market
4. To analyse the trade relations of the United Kingdom with the country of the student
5. To know the United Kingdom's trade agreements (FTA) as a member of the European Union (Until the BREXIT)
6. To understand the political and economic importance of the Commonwealth
7. To develop a business plan for the British Market

Description of the Subject (Online Learning): International Trade and Business in the United Kingdom:

The United Kingdom of Great Britain and Northern Ireland (Europe)

1. The United Kingdom of Great Britain is constituted by Great Britain (England, Scotland and Wales) and Northern Ireland, and is one of the member states of the European Union (EU) until the BREXIT occurs
2. Capital: London
3. Area: 243,610 square kilometres
4. British Population: 64 million people
5. Main religion: The Anglican Church. Justin Welby (Archbishop of Canterbury)
   1. Quakerism was founded by George Fox in the United Kingdom. The Quaker William Wilberforce was one of the most important figures in the abolition of Slavery (1807)
   2. Methodism was created by the British John Wesley
6. The United Kingdom is a constitutional monarchy being a representative democracy, where Queen Elizabeth II is recognised as the Head of the State
7. The United Kingdom is a unitary state comprised of four constituent nations: Scotland, Wales, England and Northern Ireland
8. The United Kingdom belongs to the Western Christian Civilisation (European Economic Area)
9. Abolition of Slavery in the United Kingdom: 1807

Dependencies of the British Crown: Guernsey, Isle of Man and Jersey

The British Overseas Territories: Akrotiri, Anguilla, Bermuda, Gibraltar, Cayman Islands, South Georgia and the South Sandwich Islands, Falkland Islands, Pitcairn Islands, Turks and Caicos Islands, British Virgin Islands, Montserrat, Santa Elena, Ascension and Tristan de Acuña, British Antarctic Territory, British Indian Ocean Territory.

The UK Economy

1. The United Kingdom of Great Britain is a commercial powerhouse and a global financial centre
2. The UK is one of the most developed countries in the world
3. The United Kingdom represents the fifth world economy and the second largest in Europe (after Germany and followed by France)
4. British GDP (nominal): 2,231 mil million dollars
5. GDP by sector:
   1. Agriculture (0.9%)
   2. Industry (22.8%)
   3. Services (76.2%)
6. UK GDP per capita: 36,600 dollars
7. Its capital, London (along with New York) is one of the two largest financial centres in the world
8. Currency: Pound Sterling
9. The UK economy is one of the most important in the European Union (EU), increasingly based on the services sector, although it maintains a significant presence in the high-technology sector
10. The United Kingdom of Great Britain is ranked 13th in the competitiveness ranking of the World Economic Forum
11. Many leading companies and business people from around the world are based in London:
    1. The Russian businessman Alexander Lebedev is the owner of four UK newspapers
    2. The Sudanese businessman Mohamed Ibrahim
    3. The Zimbabwean businessman Strive Masiyiwa
    4. The Chaldean Christian businessman of Iraqi origin Nadhmi Shakir Auchi
    5. The Saudi businessman Sheik Mohamed Bin Issa Al Jaber
    6. The head office of Hinduja, an Indian business group
12. Decentralised EU Agencies in the UK (They should leave the UK after BREXIT): the European Banking Authority (EBA): London

British Foreign Trade

1. Top export markets of the United Kingdom of Great Britain: The United States, Germany, France, the Republic of Ireland, the Netherlands, Belgium, Spain, Italy...
2. Main British Exports: manufactured products, fuels, chemical products, tobacco, beverages, foods
3. Top Trading Partners of the United Kingdom of Great Britain: Germany, the United States, the Republic Popular of the China, the Netherlands, France, Belgium, Norway, Italy...
4. Main British Imports: manufactured products, fuels, machines, foods
5. The United Kingdom is the main destination of Foreign direct investment (FDI) in Europe
6. While the United Kingdom is a member of the European Union, it is a beneficiary of the EU Free trade agreements with South Korea, Chile, India, Mexico, the MERCOSUR and so on

International Economic Relations of the United Kingdom

The United Kingdom is a member of

1. European Union (until the BREXIT)
2. World Trade Organisation (WTO)
3. Inter-American Development Bank (IDB) (The United Kingdom is a non-borrower member of the IDB)
4. Asia-Europe Economic Meeting (ASEM)
5. United Nations
6. Economic and Social Commission for Asia and the Pacific (ESCAP)
7. Economic Commission for Europe (UNECE)
8. Organisation for Economic Cooperation and Development (OECD)
9. International Monetary Fund (IMF)
10. Commonwealth
11. World Bank
12. Group of States of the Council of Europe Convention against the corruption (GRECO)
13. Regional Cooperation Council
14. Economic Commission for Latin America and the Caribbean (ECLAC)
15. Organisation for Security and Cooperation in Europe (OSCE)
16. European Bank for Reconstruction and Development
17. ...

Also, the United Kingdom is an observer member in:

1. Association of Caribbean States (AEC)
2. Council of the Baltic Sea States
3. Indian-Ocean Rim Association (IORA)

Examples of the subject - Foreign Trade and Business in the United Kingdom:

(c) EENI- Business School & Hispano-African University of International Business