International Business Management MGT 521 Dr. Jacob Cherian M.Com., M.S.W., M.B.A., M.Phil., Ph.D
Topic 3 (Chapter 6) Government Influence on Trade; Emerging Markets of the Middle East
Rationales for Trade Intervention In today’s global economy, many firms benefit from international trade, finding foreign markets a rich source of additional customers. Exports generate domestic jobs, so many national governments promote the success of their countries’ domestic firms in international markets. But at times firms believe that their foreign competitors have gained an unfair advantage as a result of policies adopted by their governments.
Protectionism • Protectionism - policies that – affect the ability of foreign producers to compete in your home market – limit or enhance your company’s ability to sell abroad or acquire needed foreign supplies
Physical and Social Factors Affecting the Flow of Goods and Services
Conflicting Results of Trade Policies • Governments intervene in trade to achieve economic, social, and political goals. Proposed policies on trade spark debate among those who could be affected.
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- Summer '19
- International Trade, United Arab Emirates