ABSTRACT
This chapter discusses the pros and cons of globalisation, and makes the readers to be familiar with what trade agreements and regional alliances exist and to understand how to produce a report on monthly trade figures, including key facts. It examines the reasons behind the success of the UK car industry and the strengths and weaknesses of the fair trade business model. Trade statistics can be erratic so it is important not to read too much into one month's figures when discussing long-term trends. The Society of Motor Manufacturers and Traders campaigned strongly for Britain to remain within the EU. UK Trade and investment has identified a myriad of opportunities for UK businesses in China: finance, professional and business services. The great economic Depression of the 1930s led countries to adopt very protectionist policies. These proved to be self-defeating and so in 1947, 23 countries signed the General Agreement on Tariffs and Trade.
