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The role of governments role in influencing the ability of firms to compete internationally or are they a hindrance.
The government acts as a representative of the nation in all matters that pertain to their relationship with the external world. Business is one of the key factors through which international relations are built. It is hence the role of the government to sell its business units to the world to foster economic growth. International trade is one of the key factors that determine how economically stable a nation would be. Whether the business unit involves government parastatals or private business units, it will have a positive implication on the economic growth of a country. Apart from the job opportunities that most people are likely to benefit from, some levies are charged on goods as well as the units that benefit government projects. Despite the desire that every government has to foster economic growth by promoting international trade, they are usually forced to put measures that will minimize on what is brought and sent out of the country (Nelson, 2000). This is done in consideration of public interest and for the purpose of encouraging and promoting local trade.
The government has the ability of looking at the state of international market carrying out a number of forecasts. This can be translated into advice which can be given to local firms which will in turn boost their ability to carry out international trade. The government, through a number of local and international trade seminars can be able to enlighten firms on international standards on export goods (Akhile, 2006). Most local firms loose a chance for their products to be considered in international trade due to their poor quality. They are basically informed of the requirements that need to be met when producing and packaging goods for export purposes. Most of the local entrepreneurs don't know how to gauge the quality of a