What are the traditional methods for countries to implement protectionism? What are some typical non-tariff barriers to trade? How can MNEs overcome host country protectionism?
What will be an ideal response?
Answer: The traditional methods for countries to implement protectionism are tariff and nontariff barriers.
Nontariff barriers, which restrict imports by something other than a financial cost, are often difficult to identify, because they are promulgated as health, safety, or sanitation requirements.
MNEs have only a very limited ability to overcome host country protectionism. However, MNEs do enthusiastically support efforts to reduce protectionism by joining together in regional markets. The best examples of regional markets are the European Union (EU), the North American Free Trade Association (NAFTA), and the Latin American Free Trade Association (MERCOSUR). Among the objectives of regional markets are elimination of internal trade barriers, such as tariffs and nontariff barriers, as well as the free movement of citizens for employment purposes. External trade barriers still exist.
You might also like to view...
Sales contests are usually held over periods of a year or more.
a. true b. false
Marketers are primarily striving to generate customer ________ when they use a teaser advertisement created to give prospective customers just enough information about a new product to make them curious
A) confirmation B) interest C) evaluation D) adoption E) impulse purchasing