Author Question: What are some of the regulatory controls imposed by governments which constitute non-tariff barriers ... (Read 79 times)

newbem

  • Hero Member
  • *****
  • Posts: 579
What are some of the regulatory controls imposed by governments which constitute non-tariff barriers to trade?
 
  What will be an ideal response?

Question 2

Explain the four elements of Porter's national competitive advantage theory.
 
  What will be an ideal response?


matt95

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

There are many examples, including health and safety inspections, enforcing environmental regulations, requiring firms to obtain licensing for various aspects of approval or operation, as well as the taxes and/or fee requirements.

Answer to Question 2

The four elements are 1. factor conditions, 2. firm strategy, structure, and rivalry, 3. demand conditions, and 4. related and supporting industries. Factor conditions refer to the basic factors that enable a country to compete internationally. These include land, labor, capital, education of the workforce, and the quality of the country's infrastructure. Firm strategy, structure, and rivalry refers to how the firm has developed its strategy and structure to compete against competition in both the domestic and international environments. Demand conditions refer to the strength of the consumer base domestically and abroad. Related and supporting industries refer to the development of local suppliers in response to a firm's needs.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

For a complete list of videos, visit our video library