United Kingdom is a leading financial center as well as trading power and is the third largest economy in the territory of Europe after France and Germany. United Kingdom is comprised of Scotland, Wales and England united together that constitute the Great Britain. United Kingdom is a parliamentary democracy and a constitutional monarchy. The basic parliament chamber is the lower house that is known as the house of Commons that has 646 members that are elected by the universal suffrage. The House of Lords (the upper house) has about 700 individuals that comprised of bishops, hereditary peers, and life peers. The economy of the United Kingdom holds one of the largest economy in Europe that maintains its industrial capacity with innovate sectors and high tech developments. London is known as a city of the world center due to its financial services. The government of United Kingdom has greatly minimized public ownership and maintained development of social welfare programs.
Donald (2003) views that the government believes that UK must always strive to become an active participant in the global community in order to promote the national interests as well as advocating for values of responsibility, fairness and freedom. The government is focused to develop the UK’s financial and economic interests both in internationally and within the European Union through establishing UK’s financial and economic priorities as well as collaborating with other departments to yield such positive results.
A sustainable and firm global economy is significant for the economic prosperity and stability of the United Kingdom (Anne, 2008). The basic component of this working concerns UK government to work with main intergovernmental groupings and international institutions as well as international monetary fund, G20, G7, and the European Union to build the interests of United Kingdom. UK government also offers economy analysis at global, regional, and national levels and collaborates with other governments departments to address matters such as development and energy, climate change, asset freezing and anti-money laundering.
Even though corruption is not a prevalent matter in United Kingdom, there are challenges that need to be tackled. UK transparency international aims to highlight corruption vulnerabilities in the institutions and sectors. The recent scandals like controversy facing the political party funding, scandals in cricket and phone hacking have highlighted the existence of corruption and the urgent need is required to tackle these vices. Stephen (2005) claims that the UK government does intend to assume the existence of corruption cases although the problem is not endemic. The UK government is focused to address cases of unethical behaviors in private and public institutions, and others sectors which is destructive to the society. Corruption cases are few, but happen through intangible ways. Corruption is against the law and remains unethical practice. In order to maintain and advance its economy, UK strives to deal to corruption cases in the society.
UK government is determined to promote and analyze the understanding of current affairs and international matters. UK government identifies the speed and scale of the demand development in the emerging economies (Donald, 2003). The focus is to address fluctuations in the resources supply, the rise in price volatility, and addressing resource depletion matters. UK government collaborates with various stakeholders and private institutions to tackle resource-related maters in order to rejuvenating resource governance, investment of sustainable resilience and production, and minimizes short-term shock vulnerability. UK government aims to support the poor people living in the third world countries. The need is to develop a resilience economy while reducing vulnerability. United Kingdom has been focusing on the international issues that affect the poor nations.
The growth of WMD (weapons of mass destruction) is a threat or a challenge not only in United Kingdom but also in the international community. According to Dominic (2009), the emergence of chemical, biological, radiological and nuclear (CBRN) weapons and indiscriminate trade of illegal arms pose a serious security and humanitarians concerns. UK government is working other nations to prevent the spread of these illegal harmful missiles and weapons. UK collaborates with international organizations and partners like EU, NATO, G8, and UN to prevent terrorist capability to use, obtain or create CBRN technologies s and materials.
UK works with international organizations and countries to drive development support to promote education and health safety, and poverty eradication. Other aspects in which United Kingdom has been keen on are such as reducing inequality, economic development and climate change. United Kingdom has a great appetite to build funding instruments for tailoring the economies of the developing nations (Robert and Ian, 2007). The markets in the developing countries are unstable and volatile, but possess growth potential and rewards. The hugest trade opportunity is to exploit natural resources, and this is the reason why UK works with other international bodies to address the threat of natural resources depletion and climate change. United Kingdom is a significant state known in the world of its reputations for promoting economic development, human rights and dignity, focus on effective use of resources and climate change.
Anne, S. (2008). Give a chance: the diminution of peace in global education in the United States, United Kingdom and Canada. Canadian journal of education, 31(4), 67-89.
Dominick, M. (2009). Security Detention: united Kingdom. Case Western Reserve journal of international law, 40(3), 34-56.
Donald, F. (2003). Conflict of interests in commercial bank security underwritings: United Kingdom evidence. Quarterly journal of business and economics, 42(1), 12-28.
Robert, G & Ian, D. (2007). Selected issues in the rise of income inequality. Brookings papers on economic activity, 2(1), 90-103.
Stephen, B. (2005). The regulation of voice-over-internet- protocol in the United States, the European Union and United Kingdom. The journal of high technology law, 5(2), 20-36.