The environment of international business, through its cultural and economic multiplicity, frequently place international managers in prodigious difficulty since it generates an extensive diversity of ethical issues. However, the ethical-related problems have loomed since early times and they have suggested the foundation of various lifestyles along with numerous religions. Although in terms of international affairs, the identified ethical issues are extremely numerous, thus they can be considered as human rights, the ethical duty of multinational companies, corruption, employment practices, and milieu practices.
According to the recent data, in the case of the Zimbabwe-South Africa industry, the trade initiative took place in Zimbabwe. During the process, the Commerce Deputy Minister supposed that it is an honorable venture specifically for South African organizations who can effectively invest within the country. Moreover, it was also considered authoritative in order to protect the local industrialists in the business environment. Furthermore, this paper entails the in-depth consideration of Zimbabwe and South Africa: introduction of barriers to trade to stimulate local growth. It was also stated that there was a requirement for companies to further engage in reciprocally advantageous deals. There is a need to understand the regulations of origin in order to finished goods. The rules and regulations oblige countries to trade with goods formerly manufactured in those particular countries. Hence, this will assist in improving effectiveness of doing business along with the quality of native goods. Moreover, it further helps to expedite value addition and beneficiation of merchandises.
In economics, the notion of “Protectionism” is known as a valuable policy of confining trade among states or nations, as compared to “free trade”, by tactics such as tariffs levied on imported quality goods, obstructive quotas, and a variability of additional government principles aimed to permit rational competition amongst imports and merchandises and services produced natively. Consequently, protectionism rules and strategies guard the local trades and employees within a realm by limiting or regulating trade with distant nations. In recent existences, protectionism has demonstrated itself through famous anti-globalization and anti-globalization actions in specific segments of the world.
The policy related to protectionism compares with the regulations of free trade, where regime diminishes to the possible extent the barriers to trade within and across countries. On the other hand, protectionism would be in contradiction to free trade contracts between Sadc and Comesa for instance, that Zimbabwe is a participant too. There is a comprehensive agreement between economists related to the impact of protectionism on precisely economic growth is extensively negative, even though researchers have highlighted the greatness in terms of its impact diverges noticeably across nations and critically depends on the macro-economic and policy setting of each country.
