7. "Global trade is becoming regional and more protected. These trends create largechallenges for international businesses." Using examples:a) Define the five main types of regional economic integration.b) What protectionist measures can a country or regional bloc put in place thatcreate difficulties for international businesses?c) What management actions can a business take in the face of increasinglyprotectionist policies in their international markets?

Global trade has long been a driving force for economic growth and development, with businesses and…

Answered: 7. "Global trade is becoming regional…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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18. Choose one example of a Foreign Market Entry Mode and explain how you understand that particular mode of entry into a foreign market works.
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