LAW

International Business Law



Outline

The following outline has been followed to study the international business law and the major challenges that are faced by companies in this era of globalization:

Introduction

This part will make the reader informed about the international business and its relation with different organizations that are made to comply with international business law.

Research Question

The research questions will be aimed at analyzing our area of study and its significance with international business law.

Discussion

Challenges in 21st century for businesses

This part will discuss the various challenges that have emerged in recent times due to globalization.

Solutions & Evaluation of solutions to check their effectiveness

In this part, we will analyze that whether the implementation of solutions is effective in terms of dealing with various challenges faced by organizations.

Conclusion

In the end, we will be summarizing our research and key findings will be discussed.

Abstract

The International Business Law demands continuous evaluation of the progress of the institutions that are more representative, policy instruments at its disposal and its adaptation to domestic legal systems. The following paper discusses this topic in detail that what is meant by international business, what are the major challenges and solutions for it, and how effective are these solutions for companies to conduct global operations.

Table of Contents

Outlineii

Abstractiv

Introduction1

Research Question2

Discussion2

Challenges in 21st century for businesses2

Solutions & Their Effectiveness4

Conclusion10

References11

International Business Law

Introduction

International business does not operate in a vacuum. A range of actors, each of whom has particular interests and values, and often approaches international business from a different perspective, works with and sometimes against companies to shape this environment. Until fairly recently, companies seeking to expand markets abroad were required to navigate the domestic political environments of those countries (Norrbin & Schlagenhauf 2006). This required, for example, complying with different health, workplace, environmental and other regulations, or working with government officials to obtain necessary import or export licenses or approval for constructing a factory. Companies also needed to stay abreast of the local economic and social situation, political rivalries, and relations that the country had with its neighbors.

Although the necessity of timely and accurate information regarding the political and institutional environment remains critical, the emergence of new actors and important new global trends has changed the way companies must view these environments. Companies entering the international arena now must contend with international organizations (IGOs) like the World Trade Organization (WTO), which sets and enforces global trade rules, and the European Union (EU), which regulates much of the business activity in Europe (Heathcoate & Perri 2002). In addition, companies must interact with relatively new entities on the world stage, known as nongovernmental organizations (NGOs). NGOs are non-profit, issue-oriented groups that are interested in the effects that economic activities have on the environment, workers, urbanization, human rights, and other concerns. It is not unusual for companies to develop strategies for interacting with all of these actors - foreign governments, IGOs, and NGOs - and successful companies do so.

In this essay, we will be discussing the challenges in 21st century for businesses, solutions & evaluation of solutions ...