International Entrepreneurship Essay Example | Topics and Well Written Essays - 750 words - 1

International Entrepreneurship - Essay Example On the other hand, the government cannot implement certain regulations without involving the trade or professional association since the association affected will exert pressure on the government for omitting it from the formulation and implementation process. The formulation of the rule and policies by these two parties, the government and the trade/ professional associations, is influenced by international forces. This is because no single economy can operate in separation from other economies and fully sustain its citizens. The economy needs other economies to provide market for its surplus and provision of resources or inputs that are not found in it. No single economy has all the prerequisite resource for steady economic growth and development; thus the need for globalization. This globalization trend has forced changes in the existing institutions in order to continue utilizing the accompanying opportunities. Those institutions resistant to change or those that make inappropriate changes fail to adapt the posed challenges and thus endangered for collapse. This leaves the burden for the government to protect her economy industries. Because of numerous responsibilities facing the government, the professional and trade associations become handy. They mostly comprise of experienced and professional people who aid in thorough research, to provide the information required to formulate appropriate policies for the benefit of the country and industries therein. They propose the appropriate technology to be employed, the new markets to venture into and favorable trade agreements to be signed. The associations unite several organizations and entrepreneurs of the developing economy. They identify their needs and formulate strategies such as training and educational programs, which aid in the attainment of member goals and need satisfaction. They work together with the government in provision and improvement of the necessary infrastructure