Homework Clinic
Social Science Clinic => Business => Management => Topic started by: LCritchfi on Jul 7, 2018
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The importance of information management depends on the type of strategy and organization design the firm uses.
Indicate whether the statement is true or false
Question 2
Discuss the two principal issues surrounding the debate on appropriate trade policy. What role does domestic politics frequently play in such debates?
What will be an ideal response?
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Answer to Question 1
TRUE
Answer to Question 2
The first principal issue is whether a national government should intervene to protect the country's domestic firms by taxing foreign goods entering the domestic market or constructing other barriers against imports. The second issue is whether a national government should directly help the country's domestic firms increase their foreign sales through export subsidies, government-to-government negotiations, and guaranteed loan programs. According to public choice analysis, domestic trade policies that affect international business stem not from some grandiose vision of a country's international responsibilities but rather from the mundane interaction of politicians trying to get elected. Savvy international businesspeople recognize these political realities. Often a foreign firm needs to find domestic political allies to run interference for it.