The paper "Business-Government Trade Relations" is an excellent example of an annotated bibliography on business. Governments establish trade relations with their counterparts for different reasons. Key among reasons for business intervention is to gain political dominance in a specified trade region. Other underlying motives for developing trade relations with other state include cultural and economic interest. The paper is an annotated bibliography that accurately presents governmental intervention in trade. The paper provides an analysis of government-business relations based on various areas including reasons for government intervention in trade, methods for promotion and restriction of trade as well as the global trading system.
Reasons for Government Intervention in Trade
Khan, S., & Batteau, P. (2012). Government intervention in Russian bourse: A case of financial contagion. Journal of Financial Economic Policy, 4(4), 320-339. doi:http://dx.doi.org/10.1108/17576381211279299
The journal explores government justification for intervening in trade relations. It investigates the level of integration between Russia, USA, and European equity markets. The study uses Markov Regime Switching Model that tracks structural breaks in time. It further analyzes the impact of Russian government intervention in integrating its stock market with its counterparts. Findings show that a weak integration of the Russian equity market with the US exist, it strongly integrates with the European market.
Daugbjerg, C., & Svendsen, G. T. (2011). Government intervention in green industries: Lessons from the wind turbine and the organic food industries in Denmark. Environment, Development, and Sustainability, 13(2), 293-307. doi:http://dx.doi.org/10.1007/s10668- 010-9262-8
Daugbjerg and Svendsen, 2011, explain reasons for governmental intervention in creating strategies for increasing the provision of public goods. They base their arguments in relation to green infant industries. Moreover, government policies are fundamental in promoting the growth of such industries and the overall business relations as argued in the paper.
Methods Governments Use to Promote International Trade
Kunst, I. (2011). The Role of the Government in Promoting Tourism Investment in Selected Mediterranean Countries - Implications for the Republic Of Croatia. Tourism and Hospitality Management, 17(1), 115-130. Retrieved from http://search.proquest.com/docview/910014118?accountid=45049
Kunst uses a case study analysis of the financial crisis experienced by the Croatian tourism industry to formulate the best-practice methods that the government should factor in promoting trade. The investigation provides suggestions of vital methods that the government need to incorporate to attract and control investment in the tourism sector.
Saysana, V. (2011). Promoting organic and fair-trade certification in the Lao PDR coffee sector Benefits and challenges for farmers and local economies. (Order No. 1500240, Oklahoma State University. ProQuest Dissertations and Theses, 222-n/a. Retrieved from http://search.proquest.com/docview/898959357?accountid=45049. (898959357).
Saysana, 2011, explores the social-economic impacts of fair trade as applied in the concept of coffee certification by the government. In addition, the paper presents research focusing on measuring financial impacts on small and medium coffee producers.
Methods Governments Use to Restrict International Trade
Lee, C., & Chen, T. (2011). The Study on the Green Barrier to Trade under the Multi-Trade System. Journal of American Academy of Business, Cambridge, 16 (2), 122-129. Retrieved from http://search.proquest.com/docview/817185185?accountid=45049
A key component that restricts trade is the Green Barrier to Trade as explained by Lee and Chen, 2011. They use Game theory and economic analysis methods in analyzing the impact on the equilibrium between two nations in which one engages in the importation and the other exports consumer goods. The findings of the paper indicate that the Green Barrier to Trade eliminates products perceived as pollutants, thus restricting nations producing such products to participate in international trade.
Herman, L. L. (2012). The new multilateralism: The shift to private global regulation. Commentary - C.D.Howe Institute, (360), 0_1, 0_2, 1-17. Retrieved from http://search.proquest.com/docview/1038455847?accountid=45049
Herman, 2012, illustrates the effects of the selective market by focusing on five major areas including international banking and financial reporting, specification of the product, internet commerce, environmental fair trade certification, and corporate social responsibility. Private actors dominate these five areas. Consequently, private rulemaking can restrict competition and protect markets.
Irogbe, K. (2013). Globalization and the world trade organization from the perspective of the underdeveloped world. The Journal of Social, Political, and Economic Studies, 38(2), 174-202. Retrieved from http://search.proquest.com/docview/1383143094?accountid=45049
Irogbe, 2013, evaluates the role of the World Trade Organization (WTO) from the perspective of developing countries. WTO functions to enhance global prosperity by removing all forms of barriers to trade as argued in the paper. However, Irogbe argues that prosperity enhancement is not in favor of developing nations.
Naiki, Y. (2009). Accountability and legitimacy in global health and safety governance: The world trade organization, the SPS committee, and international standard-setting organizations. Journal of World Trade, 43(6), 1255-1279. Retrieved from http://search.proquest.com/docview/217543214?accountid=45049
WTO and the application of Phytosanitary Agreement (SPS) concern over health and safety increasingly predominate the global trade regime. Naiki reviews the suitability of work of the SPS committee on trade regulations based on health issues. Naiki, 2009, provides an evaluation of how SPS and other similar programs promote accountability among member state in enhancing participation and transparency.