International Business Interacts Domestic International Police

International Business Interaction With Domestic And International Policy.
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International business interaction with domestic and international policy.
Throughout history, commercial interests have played a key role in establishing foreign relations. The interaction between international business with domestic and international policies has become the focus of discussions among many stakeholders. In the 21st century, decision-making process by one state greatly affects other countries. Therefore, it is important to understand foreign policy decisions and what motivates countries in making such policies, which at times negatively affects other nations.[Smith Steve, Amelia Hadfield, Tim Dunne. Foreign policy: theories, actors, cases. (Oxford University Press 2016).]
Politics is a key determinant in policy formulation. Lobbyists and interest groups, including the corporate sector play a key role in developing foreign policies. Trade policies at the international level impacts on domestic and its foreign investments, policies can shape and affect the behavior of firms in different forms.Since international trade depends on state policies, policy choices have become the main agenda among state governments. Investment is seen as a key ingredient in the country's economic growth and future development. Policies related to trade have undergone a major significant shift from just focusing on offering goods and services to more complex negotiations among different countries.[Spar Debora.National Policies and Domestic Politics. Business and Management, Social Issues, Public and Nonprofit Management. (The Oxford Handbook of International Business 2009).] [Ibid 78] [Ibid 43]
This essay examines some of the important domestic policies that can affect operations at the international levels. These policies include trade policies that deal with control, protection and developing strategies, the foreign direct investment that deals with capital controls and regulation and competition policies . The essay will describe how policies are generated and the purpose they serve and how they affect international business processes. The essay analyzes the politics behind certain policies, examining how the policies affect international trade. In this case, examining key international trading organization like the GATT and WTO.[Ibid 66]
International business interacts with domestic and international policy.
There is a growing recognition that labor market policies and other trade related policies like market regulations can significantly affect business interaction at the international levels.That is why it is important to understand the role of between multi-national corporations’ operations. Multinational Corporation has always benefited many countries; however, the same institutions come with relaxed policies that mostly exploits the host countries rather than provide them with the necessary support for future economic development.[Snyder Jack. Myths of empire: Domestic politics and international ambition. (Cornell University Press 2013).] [Ibid 91]
Multinational Corporation invests in host countries and their impact is likely to bring significant changes in both the host countries and home...