International Joint Ventures and Merger & Acquisitions
The United Kingdom has the world's fifth-largest economy by nominal GDP and tenth-largest economy by purchasing power parity. The automotive industry is a significant part of the UK manufacturing sector. The aerospace industry of the UK is the second- or third-largest national aerospace industry in the world depending upon the method of measurement. The pharmaceutical industry plays an important role in the UK economy and the country has the third-highest share of global pharmaceutical R&D expenditures. Agriculture is intensive, highly mechanised and efficient by European standards.
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