International business Essay -- essays research papers fc

Protectionism in the globose economyThe global economy has seen a outstanding increase in services employment between countries. The regulation and supervise 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 proceeding include anything from banking to software. When services are offered to another country, the provider has to interact with the guest through either, cross border communications, movement of the provider or the consumer woful to the suppliers state of residence. Technology has made international trade much easier and more feasible this has lead countries to boost services cosmos 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 characterize services overseas. This spark in global trade of serv ices has its downfalls. The liberalisation of services goes against certain countries development strategies. Areas like health and education take the provisional planning of governments. The interference from abroad has hindered the governments strategic planning with admiration to these services. This takes us to the importance of regulating services coming in from abroad through protectionism. Regulations on services can be a onus on service providers which can consequently weaken the liberalization of tr...