Skip to Main Content
International Business: The New Realities, 5th Edition
book

International Business: The New Realities, 5th Edition

by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger
January 2019
Intermediate to advanced content levelIntermediate to advanced
576 pages
33h 19m
English
Pearson
Content preview from International Business: The New Realities, 5th Edition

The Nature of Government Intervention

  1. 7.1 Understand the nature of government intervention.

Protectionism is perhaps the leading manifestation of government intervention in international business. Protectionism refers to national economic policies designed to restrict free trade and protect domestic industries from foreign competition. Protectionism typically arises in the form of tariffs, nontariff barriers such as quotas, and administrative rules designed to discourage imports. A tariff (also known as a duty) is a tax a government imposes on imported products, effectively increasing the cost of acquisition for the customer. A nontariff trade barrier is a government policy, regulation, or procedure that impedes trade through means other ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Fundamentals of International Business

Fundamentals of International Business

Sumati Varma

Publisher Resources

ISBN: 9780136763017