International business Essay -- essays research papers fc

Protectionism in the global economyThe global economy has seen a dramatic increase in operate trade between countries. The standard and monitoring of service trade between countries has become much harder. As highlighted by Johnson, trading in run was the fastest growing ingredient of global trade during the 80s and 90s. Cross throttle transactions include anything from banking to software. When services are offered to another country, the provider has to interact with the customer through either, cross border communications, movement of the provider or the consumer moving to the suppliers state of residence. Technology has made supranational trade much easier and more feasible this has lead countries to boost services being exported to other countries. IT has decreased the cost of communication between countries. As a result it has made it more feasible for businesses to introduce juvenile products and modify services abroad. This spark in global trade of services has its do wnfalls. The easiness of services goes against certain countries development strategies. Areas like health and pedagogy needs the provisional supply of governments. The interference from abroad has hindered the governments strategic planning with respect to these services. This takes us to the importance of regulating services coming in from abroad through protectionism. Regulations on services can be a burden on service providers which can consequently weaken the liberalization of tr...