Implementing International Business Effectiveness A Free...

Historically, governments have implemented policies that increase the cost and risks of doing international business. This was, at the time, considered sound economic logic, that is, to protect a country’s own industry from international competition. Mainly via imposing tariffs on imported goods, governments would signal their intent to protect the local economy. As economic literature has continually developed over time, the creation of a more open international business market has become relevant for all governments across the world, who now play a significant role in creating international business effectiveness, as evidenced by an uptake in WTO members building trade-promoting agreements in recent decades (Kohl, Brakman, Garretsen, 2016). What was once seen as a threat to economic prosperity, has in fact turned into an enticing source of economic growth. One may consider the paradoxical nature of such a transition, given these once protectionist governments are now favour ing a free trade movement. However, for a paradox to occur, conflicting arguments must exist concurrently, and it is the purpose of this paper to argue that an evolution in economic theory is responsible for the shift in government policy. In doing so, an exploration of the ways by which governments have historically increased the risk and cost of doing international business will take place. Moreover, the economic theory responsible for the philosophical shift made by governments to now supportShow MoreRelatedRole Of A Nation s Government Plays On International Competitiveness And Uses Theories Essay1616 Words   |  7 PagesNew trade theorist, Michael Porter, described the role of governments in international business as one of â€Å"catalyst and challenger† (Pettus Hemls, 2008). 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Generally speaking terms, globalization is the global integration of inter-culturalRead MoreSupply Chain Management1653 Words   |  7 Pagesaddress long-term strategic questions as facility location and sizing | | | a. They support tactical planning efforts by allocating fixed logistics capacity | | | d. They store goods and move them | | | c. They initiate and control the movement of materials between supply chain partners | 1.5 points Question 2 1. ------------------------------------------------- In the San Diego distribution center (DC) information flow example, dealers not being notified automatically of orderRead MoreEconomic Integration3700 Words   |  15 PagesAn economic integration, established on global, continental or regional level, is not a newborn phenomenon. 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