Barriers to International Trade
Objective 4-5 Describe some of the ways in which economic, legal, and political differences among nations affect international business.
Whether a business is truly multinational or sells to only a few foreign markets, several factors will affect its international operations. Success in foreign markets will largely depend on the ways a business responds to social and cultural forces (as described previously) and economic, legal, and political barriers to international trade.
Economic Differences
Although cultural differences are often subtle, economic differences can be fairly pronounced. As we discussed in Chapter 1, i n dealing with mixed-market economies like those of France and Sweden, firms must know when—and ...
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