Navigating Global Business: The Economic Strengths, Competitiveness, and Post-Brexit Challenges

Abstract

The is the sixth-largest economy in the world, renowned for its significant role in service exports and global trade. This article explores the competitiveness in the global business environment, including price and non-price competitiveness, its reliance on international trade and investment, and its strengths and weaknesses. Despite challenges such as lagging productivity and insufficient IT innovation, remains a key player in the global market due to its flexible labor market and favorable investment policies. The article also examines the profound impacts of Brexit on the economy and its relationship with the EU, as well as solutions to address issues like tariffs, the financial system, and foreign investment policies in the post-Brexit era.