State Interventionism in Foreign Trade

The paper refers to literatures to show how the state mitigates the effects of market failures in foreign trade. The research study leads to the conclusion that state interventions are necessary in creating administrative and legal conditions for facilitating trade exchange in the context of the role of transnational corporations in the global economy, as well as in reducing the adverse impact of international turbulences on the competitiveness of national entities through the use of export supporting instruments.