Agent protection laws ostensibly protect small, local entities from powerful foreign companies. It is true that because

Question:

Agent protection laws ostensibly protect small, local entities from powerful foreign companies. It is true that because it is easy for a big company to communicate with and transport people to faraway lands, it can easily displace its local agent after it launches the business. In light of the much greater power of a multinational corporation against even a wealthy local, there may be justification for these laws. Yet, local representatives tend to become extremely wealthy for not doing very much work. Cynics suggest that the political influence of these local elites has more to do with agent protection laws than with any real desire to help "little guys." Furthermore, where such laws are enforced, local consumers typically have to pay more for the same product.
Who is right, the countries that enact agent protection laws or the countries that do not?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

Question Posted: