Explain how the five main policy responses to deteriorating international competitiveness work

The concept that you require in your argument is some of the policies that are being adopted by different countries that lead to a reduction in the competitiveness of work. The argument can be briefly explained for clarification from the following points:

• Trade restrictions imposed in order to protect local industries (creates a monopoly because competition does not reduce competitiveness)
• Economic sanctions imposed on certain countries cut them off, meaning that they can no longer compete internationally.
• Policies of Bias when it comes to offering financial assistance (favoring others making them more competent than others)
• Poor or bad foreign policies that have led to war in many countries disrupt business activities
• Unfair resource allocation policies have crippled many countries.