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What could governments do to help their small companies compete?

Small companies typically have difficulty competing against large multinationals when their governments take part in regional trade blocs. What could governments do to help their small companies compete after the formation of such blocs?

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Running Head: REGIONAL TRADE BLOCS & SMALL COMPANIES

Regional Trade Blocs & Small Companies

Regional Trade Blocs & Small Companies
Regional trade blocs refer to an association of governments of different regions for managing and promoting trade or business activities within some particular areas of the world (Cherunilam, 2005). The member countries of this association provide trade preference to each other. These trade blocs have many economic as well as political implications such as strengthening political and economic relations, removing trade barriers, etc. Some of the trade blocs are European Union, NAFTA (North American Free Trade Agreement), ASEAN (Association of Southeast Asian Nations) (The role and function of regional trade blocs, 2006).

In a general term the trade bloc helps only ...

Solution Summary

This solution provides guidelines for preparing a paper on regional trade blocs and small companies in 433 words, with three references.

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