Arguments for a country wishing to restrict free trade, Business Management

Assignment Help:

Briefly explain the main arguments for a country wishing to restrict free trade.

Protection

There may be a require to protect fledgling industries which would not be able to compete on an equal footing with foreign competitors. These industries typically have yet to achieve economies of scale in production and possibly do not yet enjoy the factors of production that foreign competitors do. (e.g. a well trained labour force , simple of finance etc.)

Prevent 'dumping'

Protection may help avoid a 'dumping' of excess goods at unrealistically low prices by foreign companies which would impact unfairly on home producers.

Overcoming spoiling tactics of foreign competitors

Protection may help stop 'loss leader' pricing of goods by foreign competitors in order to unfairly damage local suppliers and gain market share.

Protect national cultural identity

A government may feel the requirements to protect its national cultural individuality against what it views as undesirable values and influences. As a result it may restrict free trade. (For instance, certain multinational operations might be discouraged if it is feared that there would be suppression by (say) undue American values being imposed on a proud indigenous culture founded on local, historical and religious heritages).

Ethical or moral grounds

A government might be feel a need to safeguard home consumers against harmful or distasteful imports (e.g. objects made of ivory, rare bird egg collections, 'date rape' drugs etc.)  

 


Related Discussions:- Arguments for a country wishing to restrict free trade

Development of individuals over the whole life span, QUESTION 1 (a) Des...

QUESTION 1 (a) Describe the process of growth and development of individuals over the whole life span, highlighting the various milestones (b) Which period would you conside

The emergence of e-business, QUESTION (a) With the help of appropriate ...

QUESTION (a) With the help of appropriate examples, describe Porter's five force model for E-business companies. (b) How has Web page standards contributed to the emergence

Age diversity, Research indicates that older employees are more satisfied w...

Research indicates that older employees are more satisfied with their jobs, are more committed to the organisation and possess more internal work motivation than their younger coho

What is labour turnover, What is Labour Turnover? Labour Turnover: ...

What is Labour Turnover? Labour Turnover: Labour turnover considers as the movement of workers within and out of an organisation. This may be described as the time-to tim

#title.Case study analysis should cover: A well written Rep, Ask question ...

Ask question #Minimum 100 words acceptedBarbara’s New Job Adapted from a case written by Glyn Jones, University of Waikato McShane, S., Olekalns, M. & Travaglione, T. (2010) Organi

Problem based on bags r us ltd, Bags R Us Ltd P&L Account for Bags R Us...

Bags R Us Ltd P&L Account for Bags R Us, year ended 31 st March 2008.   $ $ Sales ($35 * 3,000)   105,000

Describe the three communication channels, QUESTION (a) Your director h...

QUESTION (a) Your director has requested you to explain to newly recruited officers of the marketing department the importance of developing presentation skills and the differe

Explain the three core dimensions of cooperative work., QUESTION Many ...

QUESTION Many organisations rely on different types of collaborative software to support cooperative work within their different business functions. (a) How is groupware di

Explain the various types of networks, Question 1 Explain the various fact...

Question 1 Explain the various factors affecting the use of IT applications in the retail industry? Question 2 What is the impact of e-retailing in the travel and tourism

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd