How Firms Can Respond to Government Intervention
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7.4 Describe how firms can respond to government trade intervention.
Firms generally must cope with protectionism and other forms of intervention. In extractive industries such as aluminum and petroleum, for example, companies may have little choice but to operate in nations that impose formidable barriers. The food-processing, biotechnology, and pharmaceutical industries also encounter countless laws and regulations abroad.
Strategies for Managers
China, India, and numerous other countries in Africa, Asia, and Latin America feature extensive trade barriers and government involvement. Yet many firms target emerging markets and developing economies because of the huge long-term potential they ...
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