Economics Essay

UK EconomyYour name HereIn 2002 , the un physical exercise roams in Spain , France and Italy were significantly high than in the UK . Examine the factors which might explain why the UKs un involvement rate was littleer than in these countriesUnited Kingdom s Economic Low Unemployment AdvantageIn 2002 , tally to the Organization for Economic Co-operation and Development (OECD , UK s standardized unemployment rate is 5 .1 . For France the standardized unemployment rate is 8 .9 , for Spain is 11 .5 while for Italy is 9 .0 . Let us examine first why UK had this paltry unemployment rate compared to the France , Spain and Italy . First UK is very attractive to foreign investors compared to France , Italy and Spain . This is partly because UK has a proven track record of scotch stableness strengthened by its government economic policies . UK has one of the close to stable exchange rates which equates to stability for investors . Increase in foreign investors also means an increase in employment , resulting in lower unemployment rate . If UK had not been attractive to investors , in that respect would have been no rise in real gross domestic product in UK brought about by new business and expansions in 2002 . Another determinant factor of the low unemployment rate is the sweat environment in UK . UK is home of highly skilled and kinetic labour force . Its pool of men comes from top universities and happy by R D centers (Research and Development . This workforce together with UKs less constricting laws for labour generates high level of employment . In terms of innovation UK is far advance compared to France , Spain and Italy . Although UK has save 1 per cent of the world s population but conducts 5 .5 per cent of global research (OIPA , 2005 . Innovation promotes more investment funds and olibanum lowers unemployment . Another factor that makes UK s unemployment rate low is its organism a leader in world trade .

UK is instant in the world in terms of exports and third in the world in terms of imports . The magnitude of trade is an quality that there is a corresponding high level of workforce behind this trade There are also a considerable proportion of world s leading companies who reside in UK . These companies provide stability and maintain the employment force in UK . If assuming that UK was not a leader in exports and imports , the economic indicators showing UK as having roughly 50 exports to other European countries would have shown otherwise . Another most significant subscriber that makes UK s unemployment rate low is its low taxation compared to other European countries . The corporeal tax , which is at 30 , is relatively low compared to other key European countries . The Value Added Tax (VAT ) in UK is also lower than most European countries . Lower corporate tax and lower VAT induces more investment and thus decreases unemployment rate . Let say for example we are a company from another country like Japan and we valued to have some presence in Europe . logically , if we have France , Spain , Italy...If you want to get a full essay, effect it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper