FINAL EXAM MULTIPLE CHOICE

Final Exam Multiple Choice

By "international trade" we are referring to, broadly speaking, the exchange of goods and services between states, thus becoming a particular emphasis on the transfer of goods across national borders. Think trade, means evoking his "internationalism", to emphasize its globalization, even if you have remote origins in ancient Carthage, in medieval Genoa, in the modern Hamburg, or the many "cities" financial world today. Although from the eighteenth century to the first part of the twentieth international trade was characterized by the presence of the interventionist state as regulator exclusionary private will, after the world wars, competitiveness and trade liberalization under the symbol liberal "market" marked another time, the current international trade. The productive capacity, internal costs and regulatory, legal certainty, among other things, assume a decisive role in the competitiveness of countries and economic integration in the world today. The current global trade is the result of both technological advances as the liberalization of the same. The philosophical and political aspects of globalization have been the freedom of trade, free investment of capital and freedom of establishment of companies in foreign countries. Discussion The international nature of business the need to provide enhanced legal certainty to commercial transactions, determining the adoption of "uniform rules" in both the interpretation and application of the law. Thus, internationally generated is a set of principles such as identity, equality, reciprocity and cooperation that were taking shape in various international conventions, giving rise to "an international order of trade." In this vein, the various treaties, agreements, conventions, uniform laws relating to various aspects of global trade, established and still establish a legal regulatory framework of the same. In the words of an author, we must recognize that the twentieth century marked an era of changes and transformations that impacted greatly on international trade. On the one hand, the rapid evolution of technology, computing and transport exchanges multiplied, and, in law, the Marrakesh Agreement of 1994 which gave birth to the World Trade Organization (WTO). As noted above, the law ceases to be a unique legal conception of the state and becomes a common levy of activities that traditionally were under the sovereign authority of the State. Economic globalization has restricted this power to determine, through international legal regimes, its role as legislator and regulator. We found well to the WTO, as universal regulatory system to be multilateral, providing a political and legal framework in which international trade takes place under a model of market-oriented regime. The WTO and a legal framework for global trade The WTO provides an institutional framework for international trade relations. The WTO is an important step in the process of regulating the activities of the States in international trade through various trade policies. Moreover, the establishment of an international structure to the highest possible level instrumented has failed to meet the old aspiration of the writers of the GATT. The WTO embodies aspects of the evolution of international trade, which has already surpassed the ...