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Is it legitimate for local and national government agencies to use taxpayer money to help small companies export?
Wiki User
∙ 12y ago
It is legitimate for local and national government agencies to use taxpayer's money to help export. The reasons for this are that exports improve the balance of trade position of a country. The country that exports gets access to foreign exchange resources required for importing essentials. The exports help the county sell its excess production capacity and enhance the potential for global expansion by local companies. Exports help the country stabilize fluctuations in market demand. Every national and local government is interested that its businesses gain a global market share. It brings in a positive flow foreign exchange. It helps exploit indigenous technology to its fullest and helps increase sales and profits of the exporting firms. It is for this host of reasons that local and national government agencies use taxpayers' money to helps small companies export and make them competitive in the global market.
Wiki User
∙ 12y ago
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