Small companies typically have difficulty competing against large multinationals when their governments take part in regional trade blocs. What could governments do to help their small companies compete after the formation of such blocs?
Answer Length: 3-4 paragraphs
Thanks!!
The executive branch of the US government needs to lodge a protest through diplomatic channels (the State department). If the matter is not resolved, threat of tarriffs or ejudication may have to be made, if trade agreements are being violated. Such matters are often resolved by special international trade organizations and tribunals that are created by treaty agreement.
A regional trade bloc entails immediate neighbors that only agrees to eliminate trading barriers and also to facilitate the flows of the capital and labor. In order to permute and protect the small industries the government could establish tariffs that would protect intra-regional trade from a outside forces.
Import quotas can be impose limiting the amount of imports in the country so that domestic consumers buy products made by there countries and in there region. Smaller industries could be offered subsidies in form of the government that could offer financial assistances towards sectors of the home economy so that they have an influx of the capital. The policies of the government can be altered with out imposing to much restriction on smaller industries.
It is necessary to permute overall adjustments of industrial structure through the market mechanisms with the ultimate aims of the promoting of welfare of the industries. The level of success of small industries can be achieved in the terms of the relaxation and the elimination of regulation and ensuring of increase transparency in government administration. The governments need to create an environment in witch companies and individuals can displays their form entering and operating in the markets.
you should maintain some form of academic honesty and do your own research for the assignment.
When you posted your essay, did you know this is an assignment for an international business course at AIU online university?
I would also like to point out that I am in said class, and if you decide not to change anything, I will be sending a message to the Prof. Not doing your own work is unaccptable, and is causes more issues for students, and future students. So you had better doctor it up good!
Its hard to use the paper any way when there is no references to it.
You know that I have referenced this page for the same question at AIU. My Prof. didn't have a problem with me useing it. I don't see how you can harp on a someone for getting help for something they needed help with. I needed help and this helped me. You still have to do your own research and put it in your own words so how is this not doing your own work. Its not like he is taking it word for word and not doing anything else. Even with this part there is alot more work that he is going to have to do for this question.
To help small companies compete against large multinationals after the formation of regional trade blocs, governments could take several measures:
1. Supportive regulations and policies: Governments can create an enabling environment for small companies by implementing regulations that protect their interests and promote fair competition. This may include measures such as simplified bureaucratic procedures, reduced administrative burdens, and streamlined regulations specific to small businesses. Additionally, governments can offer incentives such as tax breaks or grants to encourage small companies to participate in regional trade.
2. Access to finance: Small companies often face difficulties in accessing financing to grow their businesses and compete. Governments can establish special funds or loan programs that offer affordable credit or guarantees to small businesses operating within the regional trade bloc. This would help small companies obtain the necessary capital to expand their operations, invest in research and development, and improve their competitiveness.
3. Capacity-building initiatives: Governments can invest in capacity-building programs to enhance the competitiveness of small companies. This may include providing training, mentoring, and technical assistance to small business owners and employees, helping them develop skills and knowledge required to participate in regional trade. Governments can also facilitate networking opportunities and collaborations between small companies to foster knowledge sharing and promote synergies.
4. Market access facilitation: Governments can assist small companies in accessing larger markets within the regional trade bloc by offering support in areas such as export promotion, market intelligence, and trade facilitation services. This can help small businesses navigate complex trade procedures, identify market opportunities, and expand their customer base beyond national borders.
5. Advocacy and representation: Governments can act as advocates for small companies within the regional trade bloc, ensuring their concerns and interests are taken into account in trade negotiations and policy-making processes. This can be done through engaging in diplomatic efforts, participating in trade dispute resolution mechanisms, and actively representing the needs of small companies in regional trade forums and negotiations.
By implementing these measures, governments can create a supportive environment where small companies can thrive and effectively compete against large multinationals within regional trade blocs.