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Should government assist business - Essay Example
Pages 6 (1506 words)
Government assistance in business is provided through many ways in every country. In United States, the government has constantly been engaged in providing assistance to small business to enable them to stand and work on their own. This assistance provided to small businesses, has its own great benefits to the overall economy, but that too, is not free of burden on the government and its policies.
Therefore, the purpose of this essay is to illuminate the benefits of this assistance provided by the US government to business on economy and also about the burden it implies on the government and its policies and then come to a point to decide as to should government assist small businesses in their effort to be a part of internationalization by entering into export market.
Encouraging exports is a primary concern of most governments. In the United States, the Department of Commerce has many programs devoted to the development and nurturing of beginning exporters. Substantial resources are devoted to export promotion programs designed to increase the propensity of small companies to export.
However, while useful politically throwing monetary resources at a problem can be very wasteful. In the era of government budgetary problems and fiscal frugality, program accountability is part of every politician and administrator's agenda. In the export promotions sector, the need to spend money wisely has emerged as a key concern.
Government assistance refers to the policies that a government puts forth to help the export ...