Chapter

The Government as International Actor

Peter Trepte

in Regulating Procurement

Published in print December 2004 | ISBN: 9780198267751
Published online March 2012 | e-ISBN: 9780191683350 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198267751.003.0004
The Government as International Actor

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Whatever national policies countries seek to pursue by way of procurement regulation or otherwise, their ability to do so effectively is increasingly coming into conflict with the reality of international economic markets. Economic distances between countries have decreased sharply with the reduction in the time and cost of transport and communications. At the same time, the benefits of increased international trade have been recognised by many governments who have sought means of harnessing its potential to maximise their own economic well-being. This has been not only an economic movement but also a political one. This chapter examines the economic principles underlying international trade in order to highlight some of the motivation for the policies sought to be achieved by the procurement regulator in an international context. It also discusses the theory of comparative advantage, competitive advantage, obstacles to international trade, regulation of international trade, and participation in international procurement and its associated incentives.

Keywords: procurement regulation; international trade; national policies; governments; comparative advantage; competitive advantage; incentives

Chapter.  27292 words. 

Subjects: Constitutional and Administrative Law

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