International business Essay -- essays research papers fc

Protectionism in the global economyThe global economy has seen a dramatic enlarge in service trade in the midst of countries. The regulation and monitoring of service trade between countries has become much harder. As highlighted by Johnson, trading in services was the fastest growing constituent of global trade during the 80s and 90s. Cross border transactions include anything from banking to softw ar. 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. engineering has made international 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 new products and modify services abroad. This spark in global trade of services has it s downfalls. The liberalization of services goes against certain countries development strategies. Areas like health and education needs the provisional planning of governments. The interference from abroad has hindered the governments strategic planning with applaud 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...