The Legal Framework of International Business

The Legal Framework of International Business

The globalization of the economy has significantly changed the institutional and regulatory environment in which companies operate. The internationalization of business has helped create growing gaps between the operational capabilities of multinational corporations and the regulatory capacity of States. At the same time, the powers and responsibilities of government were transferred to the market through the privatization of state functions. These trends have important impact on national and international legal frameworks through which states, companies and civil society organizations and citizens interact in human rights and environment. Although states have a legal point of view the obligation to protect the individuals against violations of human rights and the environment, companies also have their part calls to respect human rights and environmental issues in the context of their activities. At the same time, the perceived dichotomy between business and human rights is progressively replaced by increasing recognition of their interdependence.

Companies can greatly contribute to the creation of a global environment in which everyone can enjoy their universal human rights. They have a very strong potential for creating wealth, jobs and income, the financing of goods public and the generation of innovation and development in a number of areas related to the rights man and the environment. In addition, a large number of them takes seriously its responsibility when it comes to respect human rights and the environment and do more than is required by law. European companies are among the first to recognize the rights of labor and the rights to privacy and the security of person and to incorporate the rules Human Rights in the management of the supply chain.

The expansive and unstoppable process of globalization has forced employers to form in their trading capacity and negotiating with the outside world. However, it is important that not only they are immersed in this subject, his personal work, or that you are qualified to do so, should also have access to the most significant aspects of foreign trade, logistics, the impact that this implies in the organization and to the legal aspects of international business. Here we give you some tips on how to handle this activity.

Companies are not only limited to conduct private and government operations locally, but also with other countries. Precisely we call that international business, the relationship between an organization and its external world. This type of activity also involves foreign trade and international, which includes transactions (exports, imports, investments, financing) that are performed worldwide.

Among the success factors that can be mentioned in the international business operations, include competitiveness, financial support between the parties and logistics. This last point is very important because when the actors involved are in different countries or regions, the realization and business success are further complicated.

It is important that employers are aware of the international environment around them to, so, look for new ways to increase business growth, competitiveness and the opportunity to explore new ...