The UK economy is benefiting disproportionately from globalisation. We are the world’s fourth largest trading nation and second largest foreign investor. Trade represents over 40% of our GDP, twice that of the US or Japan. Inward investment into the UK has created 815,000 jobs to date and accounts for nearly 30% of net manufacturing output. We are particularly strong in business and financial services, telecoms and media - sectors that thrive on globalisation.

Improved governance is another potential benefit of globalisation. Better communications technology, and particularly the Internet, mean governments can more easily be held to account, allowing greater scrutiny of government spending by citizens. This also applies to businesses, enabling better oversight of UK assets overseas. Information technology can also be used to promote innovative programmes and play a key role in the work of environmental, human rights and poverty reduction NGO's.

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