What are the major barriers to international trade

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Reference no: EM131261824

Describe the external environment facing global marketers. Global marketers face the same environmental factors as they do domestically: culture, economic, and technological development; political structure and actions; demography; and natural resources. Cultural considerations include societal values, attitudes, and beliefs; language; and customary business practices.

A country's economic and technological status depends on its stage of industrial development, which, in turn, affects average family incomes. The political structure is shaped by political ideology and policies such as tariffs, quotas, boycotts, exchange controls, trade agreements, and market groupings. Demographic variables include the size of a population and its age and geographic distribution.

1. Many marketers now believe that teenagers in the developed countries are becoming "global consumers." That is, they all want and buy the same goods and services. Do you think this is true? If so, what has caused the phenomenon?

2. Renault and Peugeot dominate the French market but have no presence in the U.S. market. Why do you think that this is true?

3. Suppose that your state senator has asked you to contribute a brief article to her constituents' newsletter that answers the question, "Will there ever be a United States of Europe?" Write a draft of your article, and include reasons why or why not.

4. Divide into six teams. Each team will be responsible for one of the following industries: entertainment; pharmaceuticals; computers and software financial, legal, or accounting services; agriculture; and textiles and apparel. Interview one or more executives in each of these industries to determine how the WTO, NAFTA, and CAFTA have affected and will affect their organizations. If a local firm cannot be contacted in your industry, use the library and the Internet to prepare your report.

What are the major barriers to international trade? Explain how government policies may be used to either restrict or stimulate global marketing.

Reference no: EM131261824

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