Business Commons^™

Virginia—Major Force In World Trade, R. Clifton Poole

Robins School of Business White Paper Series, 1980-2022

The importance of world trade has long been recognized in the Commonwealth of Virginia (VA). Indeed, one of the major reasons for establishing the original colony at Jamestown was to provide a base from which the New World "treasures" could be shipped to the mother country—England. As a result, since colonial days VA has been one of the world's major exporters of tobacco. Even today the volume of VA's tobacco exports is second only to her exports of bituminous coal.

This world trade orientation so deeply imprinted in the thinking of the early leaders of the infant colony still prevails …

Common Market Competition Policy As A Strategic Planning Issue For Transnational Firms, J. Patrick Raines

Robins School of Business White Paper Series, 1980-2022

Managers in charge of international business decisions must recognize competitive conditions to make production, distribution, and marketing decisions. They must be cognizant of competitors' strategies as well as institutional arrangements which affect competition. As the international business environment has expanded, government regulations designed to control unfair or restrictive business practices have proliferated. Today, nearly all major developed countries with market economies prohibit the abuses of monopoly power and proscribe certain enterprise activities which restrain competition. Furthermore, governments have become less reluctant to apply their antitrust law extraterritorially. The ability of multinational firms to compete in international markets will increasingly depend …