Protective tariffs in today global market

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Reference no: EM133098940

Kindly Answer the following questions

1) About 99 percent of the world's population lives outside Canada, but many Canadian companies, especially small businesses, still do not engage in global trade. Why not? Do you think more small businesses will participate in global markets in the future? Why or why not?

2. What can businesses do to prevent unexpected problems in dealing with sociocultural, economic and financial, legal, and physical andenvironmental forces in global markets?

3. Countries like Canada that have a high standard of living are referred to as industrialized nations. Countries with a low standard
of living and quality of life are called developing countries. (Terms formerly used were underdeveloped or less-developed countries.)
What factors prevent developing nations from becoming industrialized nations?

4. How would you justify the use of revenue or protective tariffs in today's global market

Reference no: EM133098940

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