The government of Greenland Republic protects its newly privatized firms from foreign competition by imposing stringent barriers to international trade and foreign direct investment.As a result of this,the newly privatized firms will

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By imposing stringent barriers to international trade and foreign direct investment, the government of Greenland Republic is protecting its newly privatized firms from foreign competition. This protection means that the newly privatized firms will continue to act like state monopolies, with no competition from foreign firms entering the market. As a result, they may lack the impetus to operate at their maximum efficiency, pay huge taxes, or import raw materials and many industrial goods at low tariffs. They may also have control over production and pricing, as they are protected from competition.

The Government of Greenland Republic Protects Its Newly Privatized Firms