Discuss the impact on businesses throughout the world if the European Essay

Discuss the impact on businesses throughout the world if the European Union were to partially disintegrate - Essay Example Thus, the main themes of the study will primarily focus upon this broad factor. Additionally, the main parameter that will be addressed in this particular essay will broadly reflect upon the possible amount of impacts that can prove to provide certain advantages or disadvantages in the near future to global business. A Report on the European Union For centuries, Britain has been able to develop itself in an economic manner by way of being an outward looking and an open country. In today’s scenario, the economy holds a high level of worldwide integration. Great Britain is considered to collect annual revenue of US$386,463 million which puts the country in a very dominant position (Cable News Network, 2013). The UK is considered to be the world's fifth major exporter of services and goods and the country is able to attract considerable amount of foreign direct investment as compared to any other European nation. Besides, it has been studied that the European Union (EU) is one of the largest exporters, investor and importers in the world. It has also been realized that there are lots of broad prospects of exports in the years to come. The member states of the EU strongly believe in the concept of absorption of capital and its proper utilization in order to maximize return on investment (Guardian News and Media Limited, 2013). This aspect can only be made possible when a nation becomes fully engaged in different types of business activities. The EU member states are very well versed with the business concepts and are able to perform the broad functions of the business at large. The EU member states are also very much divergent in performing the broad business activities with other foreign countries. The countries in this broad region seem to inculcate its broad business activities in the most operational sectors such as agriculture, media and audio-visual, automotive industry, business related services, biotechnology, communication and chemicals to name a fe w. In addition, the EU comprises of various other broad businesses that result in increased amount of business activities (European Small Business Portal, n.d.). The EU has been able to achieve all round sustainability in the overall context of business along with development to a very large extent. For the purpose of fulfilment of the business objectives, it has also been able to provide various business opportunities to numerous countries. Greece, Spain and the UK are some of the few countries which have been benefitted by integrating their economy with other EU member states. These countries have been benefitted as they were provided with ample amount of opportunities to expand as an ideal nation in terms of business. Large volume of exports along with imports has been able to provide classified measures in order to develop itself as a strong business destination. In addition, the