Categories: All - trade - productivity - regulations - opportunities

by Jachega K 7 years ago

217

GOVERNMENT ROLE

Governments play a crucial role in shaping international business through regulations, consular services, trade missions, and trade offices. Regulations such as minimum wage and safety standards affect how businesses operate and their overall productivity.

GOVERNMENT ROLE

What is the Governments Role in International Business and Corporate Influence of Government ?

Government Regulations

determines how easy it is to start up a business
countries that allow for businesses to start up easily have proven to have a higher productivity
laws that affect businesses: - minimum wage - safety standards

Consular Services

provide services - emergency serv., passport serv., customs, taxes, property management to Canadians that are abroad
Embassies
located in capital cities

Trade Missions

Provides Canadian businesses with opp. network, and gather new mrkt info
visits a particular country and focus on a specific industry
organized through DFAIT
promotes IB

Trade Offices

gov. go to foreign countries to help their businesses operate
ex. canadian gov. has trade offices in over 150 cities worldwide - allow businesses to:

lower costs (provides market info)

look for new opportunities in regards to tech and R& D

invest outside of Canada

export products