World Investments and Economics

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World Investments and Economics

Prime Minister Tony Blair launched Invest.UK on 5 July 2000, saying:

"Today's inward investment figures are a clear vote of confidence in

this country and the economic policies we are pursuing. Companies from

every sector and from all over the world know Britain is the place to

do business. I would like to congratulate everyone involved in the

British inward investment effort - you have done a great job…To

maintain this record it is vital that we modernise the services we

offer investors. That is why I'm pleased to announce that from today

the Invest in Britain Bureau is to become Invest·UK."

Invest.UK volume2 (Briefing in Britain)

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BALANCE OF TRADE.

* when the exports exceed the imports, a surplus is made

* when the imports exceed the exports, a deficit is made

* the balance of trade includes only the visible imports and visible

exports

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At the start of the 21st century, the pace of change is speeding up.

Information and investment race around the globe at the press of a

button or the click of a mouse. Business is no longer confined to

national borders. More foreign companies invest in Britain, because

Britain is a world-class centre for business.

· The largest single investor in the UK is the US (48 % of all

projects)

· Germany (8%)

· Japan (7.7%)

· Canada (6%)

· France (6%)

In 1998 the UKsecured 27 per cent of all European inward investment

projects, more than three times as many as Germany, which got 8 per

cent, and well ahead of France with 12 per cent, according to research

by Ernst & Young.

Britain is more p...

... middle of paper ...

...barriers and the activities of multinational companies, to protect

the poorer countries of the world. They also seek to protect the

prices of commodities like tea, copper, gold and so on.

* WTO - World Trade Organisation - replaced the GATT (General

Agreements on Tariffs and Trade). WTO regulates all aspects of

trade between nations. It aims to

*

* Help producers of goods and services, exporters, and importers

conduct their business

* Promote full employment

* Expand production and trade in goods and services

* Encourage good use of the world's resources

* Protect the environment

* Include the developing countries of the world

* Resolve disputes by offering fair hearings to countries

* WTO can impose sanctions

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