When Donald Trump became the president of the United States, as a part of his immigration policy, he placed restrictions on the issue of H-1B visas which allows US employers to employ foreign workers in speciality occupations. This policy has affected many Indian IT firms like Infosys and Wipro that are located in the US because they hire many immigrants from India for cheap and skilled labour.
What characteristic trait of international business is highlighted here?
Mobility of Factors of Production
Business Regulation and Policies
Political System and Risks
None of the above
Political System and Risks
Political System and Risks: the political environment in a country is of paramount importance for any international business. The type of government, the ideologies of the political parties and the governmental policies can directly impact a business.