GMS 724 Chapter Notes - Chapter 6: Spheres, Full Employment

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Howard Lin

Document Summary

Introduction: government trade policies affect the ability of foreign producers to compete in home market o. Limit or enhance company"s ability to sell abroad or acquire foreign supplies. Influence trade, each has economic, social, and political objectives: conflicting objects o. Conflicting results of trade policies: governments intervene in trade to attain economic, social, or political objectives o. Benefit their nation and its citizens personal political longevity: governments help their struggling companies and industries without penalizing those doing well. Proposals on trade regulations spark debate among people and groups that will be affected. Stakeholders all groups (shareholders, employees, customers, society) with which a company much make satisfactory trade offs if it is to survive. Role of customers buy the best products they can find for a price, without know the origin. Fighting unemployment: workers displace imports are often the lease able to find alternative work. Unemployed can form effective pressure group for import restrictions.