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Business and Global Strategy
For Unit VIII, you will develop a research paper on a topic of interest that you selected in Unit I. You should have been working on this assignment throughout the duration of the course to ensure you have plenty of time to complete it.
The research paper should be at least 10 pages in length and double-spaced. Include your problem statement in the research paper. Include at least 6 scholarly sources to support your work. Adhere to APA Style when constructing this assignment, including a title page, an abstract, and a references page for all sources that are used.
This is the topic of interest from Unit I.
International organizations are exposed to various trade barriers, including quotas and tariffs. Such barriers affect the pricing methods, prevent the free flow of goods, and affect the market conditions. Therefore, understanding such barriers is essential for organizations to develop robust measures to address them and exploit the global market. (Trebilcock & Fishbein 2007). This paper will address various trade barriers that international organizations are exposed to. International organizations are exposed to economic impacts due to the barriers. Such tariffs increase the costs of imports, which makes companies uncompetitive since they have to sell for higher prices to cover the high cost of raw materials. Additionally, the market access issue has an economic impact. Such implementation of quotas leads to control of the number of goods reaching the market, thus protecting the local companies to ensure they are competitive.
The trade barriers have strategic implications for investment decisions and supply chain processes for organizations. For example, international organizations must develop a robust system that maneuvers tariffs and regulations in the international organizations, which could lead to higher operational costs and delays. (Shenkar et al. 2021). Investors should make strategic decisions since quotas may prevent organizations from investing in markets with high barriers. Therefore, the strategic implication is that organizations should develop measures to navigate the barriers through local production and strategic alliances.
The trade barriers are also caused by poor economic and political relationships, which cause trade wars and poor diplomatic relations. Countries in economic and political conflicts implement trade wars to increase taxation in other countries. For example, the recent USA and China conflict has led to the imposition of trade wars. (Wang, 2023).
When such wars escalate, they lead to an impact on global trade. When countries implement trade barriers, there is a significant diplomatic consequence between them, which does not just affect the economy but also the geopolitical conditions between the nations. An example of a recent trade barrier is the U.S. imposing tariffs on electronics from China as it is their major output. This was an escalation of China's implementation of trade barriers on US products.
The trade barriers for international organizations are essential for leaders and policymakers to protect local organizations and make strategic management to prevent failure.
References
Shenkar, O., Luo, Y., & Chi, T. (2021). International business. Routledge.
Trebilcock, M., & Fishbein, M. (2007). International trade: barriers to trade. Research Handbook in International Economic Law, 57.
Wang, L. (2023).
The Impact of Technical Barriers to Trade on China's Automobile Exports--Taking BYD as an Example.
