International buiness Research Paper Example | Topics and Well Written Essays - 1250 words

International buiness - Research Paper Exampleis no longer confined within the local marketplace, each entity entering the market finds themselves competing with companies halfway close to the world and under different governmental restrictions. Each organization naturally attempts to maximize their bottom line for their shareholders by operating under the most diffuse restrictions, lowest costs for production and highest areas for distribution. However, nations still retain the right to establish and enforce specific rules and regulations upon corporations operating within their regional market as a means of maintaining discipline and entertaining national resources including the citizenry. Generally speaking and depending on the condition of local market, nations can opt to adopt either a still trade policy in its approach to world-wide trade or take a more protectionist stance. Each nation has its own criteria and priorities to consider when determine which strategy to adopt . While the approach in the past has leaned more toward free trade, this approach is changing as developing countries have reassessed their viewpoint regarding protection of the local industry in order to ensure that local companies are not driven out of business by the high competition they face with international companies. The purpose of this report is to discover some of the various approaches that have been taken to both encourage international trade at the same time that it seeks to protect local business.The World Trade Organization (WTO) is an organization that lobbies internationally for the liberalization of trade. It can acts as the middle man between business and government working(a) to negotiate trade agreements favorable to international business. In many ways, it can be said that this is the organization that sets rules for international trade and actively settles trade disputes. The prove state of WTO came about as the result of long term negotiation and final agr eement on the General Agreement on Tariffs and