Free trade concept is known as international trade without interference or barriers from governments. ... Smith believed that free trade will change the international commerce. ... And since that time economists have been arguing whether or not that free trade will be the best for an international economy. ... The production of a product in countries with strict pollution law will be more costly than producing the same product in countries that does not have strict laws against pollution. ... In addition, counties with strict pollution law will be affected in the way of employment. ...

• Word Count: 1260
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

The WTO replaced the General Agreement on Tariffs and Trade (GATT), which was the main agency for dealing with international trade negotiations in the post-WW2 era. Whereas the GATT focussed mainly on trade in goods; the WTO covers trade in goods, trade in services, investments, the regulation of international property rights. ... These are: - To promote and regulate free and fair trade internationally - To negotiate international trade agreements and settle international trade disputes FUNCTIONS. ... The removal of such trade barriers, combined with improvements in international communica...

• Word Count: 2038
• Approx Pages: 8
• Has Bibliography
• Grade Level: Undergraduate

The General Agreement on Trade and Tariffs (GATT) is an international agreement that allows corporations to become international, transferring money and technology to any member country in the world to produce goods. ... GATT is an agreement that was meant to encourage international trade, over time. ... Tariff cuts are what make GATT so effective in increasing international trade. ... The laws the Agreement set on Trade-Related Aspects of Intellectual Property Rights are known as TRIPs. ... With these new TRIPs there is a need to change the US law to create new federal civil and criminal la...

• Word Count: 2190
• Approx Pages: 9
• Has Bibliography

Many people wonder why to study a career in international business. ... Remember a single action "can violate the laws of more than one country" in international business (Guvenli, Turgut, and Rajib Sanyal, 3). ... International Business professionals are a good fit for Ecuador. ... "International trade has played a significant role in the growth of the economy" due to its great productivity, our main resources attract international customers. ... That is why I am so passionate about International Business. ...

• Word Count: 1548
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

The WTO in fact is an organization that is concerned with globalization on all levels, for all countries, whether poor or rich, they try to reach out to all and make sure their laws are fair to all and they rule with great dignity and legitimacy. ... The WTO is more like a sheriff and plays a role of making sure all members that belong to the WTO play fairly and follow the laws that have been set. ... So they have made laws or steps to prevent this hazardous outcome. ... They reduce the predictability and transparency of international trade and distort the international flow of goods and ...

• Word Count: 2363
• Approx Pages: 9
• Grade Level: High School

Globalization is not Effective for the US Globalization, according to the International Monetary Fund, is the "increasingly close international integration of markets both for goods and services and for capital" (Kegley Jr. and Wittkopf, 2004, p.267). ... The environment of the countries that corporations have moved to have also been exploited because these countries do not have any environmental laws in effect. In the Global South, forests have been cut down at increasing rates and they have begun to over-fish their waters in order to pay off their foreign debts, as well as debts to the I...

• Word Count: 1668
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

As Vietnam has become more integrated into the global economy during this era of globalisation, Vietnam's economic growth has been affected by the international business cycle – fluctuation in the levels of economic activity in the world economy over a period of time. ... The Vietnamese is largely responsible for the damage caused to the environment due to the lack of laws regarding emissions, wastage and zoning, resulting in a decrease in the quality of the environment. ... The final impact of globalization on Vietnam's economic development has been closer ties with the region...

• Word Count: 1293
• Approx Pages: 5
• Grade Level: Graduate

China is the most dominant player not only among the Asian economies but also in the international stage. ... Along with China, India also comes to the forefront of the international stage. ... International trade facilitates in the emergence of newer industries to accommodate the increased demand from global economies. ... (International monetary fund. 2003). 5. ... As a result of financial integration, IMF and many other international lending institutions came forward with financial assistance. ...

• Word Count: 2450
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

The law of supply demonstrates the certain quantities that will be sold at a certain price. Unlike the law of demand, the supply relationship has an upwards slope. ... Some examples of how Globalisation has improved are: - Increased International trade massively - Allows a company to operate in more than one country - Creates a greater dependence on the global economy - Creates large recognised companies such as Coca-Cola and Starbucks Within looking at the different key drivers for globalisation, there are two important key drivers in businesses which have improved Globalisation. ... Resp...

• Word Count: 2078
• Approx Pages: 8
• Has Bibliography

The international community and US business sector have seen the "Communist" country as offering immense opportunities. ... Firstly by muting all international conflicts and geopolitical ambitions, China followed the examples of other newly industrialising economies (NIEs), giving priority to industries and sectors where limited government investments would produce rapid growth. ... China is still developing its legal infrastructure such as commercial laws and regulations that protect private property rights, investors and creditors. ... An example of an environmental problem is how the use of...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

Some problems are common to many international businesses, factors such as language and cultural differences may limit company's success in certain countries. ... AIRCOM International won the award for the "best exporting business 2001" (Source - http://www.aircom.co.uk/corporate/awards). ... Radebaugh describe in their book, International Business Environments and Operations that: "franchising is a specialist form of licensing in which the franchisor not only sells an independent franchisee the use of the intangible property (usually the trademark) essential to the franchisee'...

• Word Count: 2198
• Approx Pages: 9
• Grade Level: Undergraduate

Thus to keep politicians and policymakers around the world accountable, a worldwide body or bodies is needed to force all the nations of the world to abide by certain rules on a global level in order to assure that the economic interests of the people, in developed and undeveloped nations alike, are presented in the international policies of the nations of the world. ... Multilateral trade negotiations which began with the creation of the GATT in 1947 have over the last 55 years have been enacting trade laws and regulations with the purpose of liberalizing trade. ... The interests of undevelop...

• Word Count: 1960
• Approx Pages: 8
• Grade Level: Undergraduate

Food labeling law (April 1, 2000) Investment Climate 11. ... If approval would violate China's laws and regulations] 13. ... China is changing from rule by man to rule by law d. ... China's bankruptcy law (1986) i. ... China put into effect "Guarantee (Security) Law" (1995) i. ...

• Word Count: 1884
• Approx Pages: 8
• Has Bibliography
• Grade Level: High School

Has economic thought influenced international policy initiatives? ... International free trade agreements are comprised of regional trade agreements (RTAs) and preferential trade agreements. ... The objectives are to "promote increased regional trade and investment, increase employment and improve working conditions and living standards in each country, provide a framework for the conduct of trilateral trade relations and for the management of disputes, strengthen and enforce environmental laws and basic workers' rights, work together to promote "further trilateral, regional, an...

• Word Count: 1385
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate