Foreign laws that require the government approval of a licensing agreement are a form of protectionist policy.

Name: Foreign laws that require the government approval of a licensing agreement are a form of protectionist policy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Foreign laws that require government approval of licensing agreements can limit competition and protect local industries, which is a form of protectionism. This can make it more difficult for foreign companies to compete in those markets.

Foreign Laws That Require the Government Approval of a Licensing