Explain the pros and cons of the government of Costa Rica, using the following trade barriers: 1. Tariffs 2. Subsidies 3. Quotas Justify your answer for each trade barrier with actual data and evidence for specific industries.
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- What are the various means available to companies to go international? When is an exporting strategy most appropriate?Recently USA announced an embargo on purchase of oil from Iran. Similarly, European Union increased customs duties on imports from China? So why are trade barriers imposed? How do Preferential Trade Agreements help in reducing trade barriers? Explain Briefly10. Why countries choose to enter into Free Trade Agreements such as the U.S. Mexico Canada Agreement, or USMCA? What are the benefits of a membership in the Free Trade Agreements?
- Evaluate the various aspects that SMC Ltd may consider when extending a CSR strategy from home to host countries in the below extract. SMC ltd is a subsidiary of the Swedish-based Andvik Group, which operates in 130 countries. SMC is a major supplier and marketer of underground mechanized mining products to the mining and major infrastructure sector. Locally, SMC is run strategically by a board that is mainly non-executive and includes managing director and country manager, Jim Tolley.SMC’s outstanding performance over the last six years is based on a strategy of improving customers’ operational efficiencies and profitability through the development of high-tech engineering products. SMC boasts an average global increase of 6% sales growth and an average 17% return on capital employed. SMC plans to double in size over the next five years. ‘We make it possible’, is SMC’s slogan.SMC is a service-orientated organization that prioritizes listening to clients’ needs to ensure that products…Explain how to know if your company is ready to export and to commercialise at international level? What you should know and why? write 8 lines only course: export of servicesYou will choose a known Caribbean Company in the manufacturing is mount pure water (s) with information available on the internet, that does not currently operate outside the region. You will conduct a comprehensive study of the international business environment, that is, the geography, culture, government, history, economics, and politics of a new country, outside of the region, from which you believe the company and its product (s) could operate profitably. Propose a strategy for internationalization. Looking particularly at entry strategies that could be utilized as discussed in the course. You will need to keep in mind the domestic realities of the company and its product (s) by conducting a situation analysis to start. You are also required to suggest an international strategy after an analysis of all strategies discussed in the course. There must be at least 12 sources. This must include at least 8 scholarly peer reviewed journal sources which can be found via UWILinc or Google…
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- •Many exporters considering entering emerging markets face the issue that the regular price they charge for their goods (i.e. the retail price in developed markets) is far beyond the buying power of most local consumers. What strategic options do these organisations have to penetrate these markets? Give reasons why price escalation is a problem for many exporters. What might companies do to solve this problemWas the removal of the Multi-Fiber Agreement a positive thing for the world economy? Why? As a producer in a developing nation such as Bangladesh that benefited from the MFA agreement, how should you respond to the expiration of the agreement?Answer all questions a to d A) Examine the pros and cons of trade agreement between two countries of one of the latest bilateral deals since Britain exited the European Union for both countries B) Many countries have entered into trade agreements for mutual benefits. The most recent in Africa is the African Continental Free Trade Area (AfCFTA). Examine how this agreement will impact participating African countries C) Much of the world’s current economic activities is concentrated in a group of countries called the Triad (Japan, EU and United States). What is the potential threat of China to these international economic drivers? D) Critically examine the extent at which the following factors have enhanced the growth of International Business: i) Expansion of technology ii) Growing consumer pressures iii) Increased global competition iv) Changing political situations v) Expanded cross-national corporation