Chapter McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 18 International Law.

Slides:



Advertisements
Similar presentations
Chapter 8 International and Comparative Law
Advertisements

First edition Global Economic Issues and Policies PowerPoint Presentation by Charlie Cook Copyright © 2004 South-Western/Thomson Learning. All rights reserved.
Unit 13 International Marketing
International Law Types of law systems –Common law –Code law –Islamic law –Communism Definition: –Treaties, customs, recognized principles when one country.
The International Legal Environment: Playing By the Rules Chapter 7 McGraw-Hill/Irwin© 2005 The McGraw-Hill Companies, Inc. All rights reserved.
Understand the role of business in the global economy.
Competing in the Global Marketplace
Comprehensive Volume, 18 th Edition Chapter 7: The Legal Environment of International Trade.
Global Markets and International Marketing
The Role of the GATT Goal: to promote a free and competitive international trading environment benefiting efficient producers Accomplished by sponsoring.
Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved.
INTRODUCTION TO BUSINESS
Transnational Business Law International and Foreign Law Research Nov. 8, 2006.
chapter 10 International Cooperation Among Nations
CHAPTER TWENTY International Banking Service Options The purpose of this chapter is to learn what services international banks offer their customers and.
International Business Chapter 4. Independent Practice Research the U.S. Customs and Border Protection Department Examine and explain 2 regulations regarding.
International Business 9e
The Regulation of International Transactions What are some of the risks of international trade?
International Law. What affects men sharply about a foreign nation is not so much finding or not finding familiar things; it is rather not finding them.
Sales and Consumer Issues Objective Interpret sales contracts and warranties within the rights and law of consumers. REGULATION OF SALES.
Part Two The Global Environment and Social and Ethical Responsibilities 5 Global Markets and International Marketing.
Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 7 The Legal Environment of International Trade Twomey Jennings.
The Global Context of Business
The Global Context of Business
Global Markets and Marketing Chapter 3 McGraw-Hill/Irwin Copyright © 2004 by The McGraw-Hill Companies, Inc. All rights reserved.
International Flow of Funds 2 2 Chapter South-Western/Thomson Learning © 2006.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 5 International.
Chapter 27 International Law in a Global Economy
Developed by Cool Pictures & MultiMedia PresentationsCopyright © 2004 by South-Western, a division of Thomson Learning. All rights reserved. The International,
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
International Environment of Business
Copyright ©2006 by West Legal Studies in Business A Division of Thomson Learning Chapter 7 International Law Its Legal, Ethical, and Global Environment.
INTRODUCTION Growth of International Business Laws of International Business Transactions Forms of International Business Transactions Risk Analysis and.
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall. 8-1 Chapter 5 International and World Trade Law.
Essentials Of Business Law Chapter 31 International Business Law McGraw-Hill/Irwin Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Its Legal, Ethical & Global Environment 6 th Ed. Its Legal, Ethical & Global Environment 6 th Ed. B U S I N E S S MARIANNE M. JENNINGS Copyright ©2003.
Competing in the Global Marketplace Chapter 3. Chapter Overview Measuring Global Trade Barriers to, and Promotion of, Global Trade International.
Business Law and the Regulation of Business Chapter 47: International Business Law By Richard A. Mann & Barry S. Roberts.
Prentice Hall © PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 4E, by Henry R. Cheeseman Chapter 9 International.
CHAPTER 3 INTERNATIONAL LAW DAVIDSON, KNOWLES & FORSYTHE Business Law: Cases and Principles in the Legal Environment (8 th Ed.)
1 Chapter 33 International business Copyright © Nelson Australia Pty Ltd 2003.
Chapter 47 International Law in a Global Economy.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 32 International Law.
Chapter 1: Legal Ethics 1. © 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use.
Chapter 06 International and Comparative Law Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill Business in Global Markets 1 Chapter 3.
Economic Recovery in Europe West German Economic Miracle Assisted by US to fight cold war Rebuild industry High quality German goods in demand around world.
McGraw-Hill/Irwin Understanding Business, 7/e © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved. 3-1 Chapter 33 Competing in Global Markets 3-1.
5.1 Chapter 5 International Business Law © 2003 by West Legal Studies in Business/A Division of Thomson Learning.
International Law in a Global Economy Chapter 24.
Dynamics of International Institutions Chapter 4.
International Fund Flows 2 2 Chapter South-Western/Thomson Learning © 2006.
INTERNATIONAL FINANCE Lecture 6. Balance of Payment (Accounting of transactions) – Current Account – Capital Account Current Account (Purchase Summary)
Chapter 7 THE LEGAL ENVIRONMENT OF INTERNATIONAL TRADE.
© 2004 West Legal Studies in Business A Division of Thomson Learning BUSINESS LAW Twomey Jennings 1 st Ed. Twomey & Jennings BUSINESS LAW Chapter 7 The.
Copyright © 2006 by Pearson Prentice-Hall. All rights reserved Slides developed by Les Wiletzky PowerPoint Slides to Accompany ESSENTIALS OF BUSINESS AND.
Chapter 4 – International Environment of Business
Chapter 7 The Legal Environment of International Trade Twomey, Business Law and the Regulatory Environment (14th Ed.)
Business Law with UCC Applications,13e
Chapter 8 International Law in a Global Economy
International and World Trade Law
Chapter 7 International Law
CHAPTER 4 GLOBAL ANALYSIS
Chapter 5 The International Financial, Political, and Legal Environment.
Essentials of the legal environment today, 5e
THE GLOBAL CONTEXT OF BUSINESS
Chapter 24 The Regulation of International Transactions.
Presentation transcript:

Chapter McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 18 International Law

18-2 International Trade Factors  Treaties/Agreements  Each Country Wants To Make Its Goods/Services More Competitive  Rule Of Law/Property Rights Apply To Businesses Businesses Nation-States Nation-States  Treaties/Agreements  Each Country Wants To Make Its Goods/Services More Competitive  Rule Of Law/Property Rights Apply To Businesses Businesses Nation-States Nation-States

18-3 U.S. Trading Partners RegionExportsImports Asia 26.5% 36.3% West. Europe North America Latin America Middle East Africa C./E. Europe/ Baltic States/CIS Baltic States/CIS Total100% 100% Source: World Trade Organization, 2001

18-4 U. S. Trade in Goods & Services ($ Billions) Source: U.S. Department Of Commerce Balance of Payments (Trade Deficit)

18-5 Sources Of International Law- Public  Statute Of The International Court Of Justice (World Court)  Non-Binding Decisions  Applies To Disputes International Conventions International Conventions International Custom International Custom General Principles Of Law General Principles Of Law Judicial Decisions/Teachings Of Qualified Publicists Judicial Decisions/Teachings Of Qualified Publicists  Statute Of The International Court Of Justice (World Court)  Non-Binding Decisions  Applies To Disputes International Conventions International Conventions International Custom International Custom General Principles Of Law General Principles Of Law Judicial Decisions/Teachings Of Qualified Publicists Judicial Decisions/Teachings Of Qualified Publicists

18-6  Laws Of Nations  Multilateral Agreements  Conflicting/Differing Laws Create Instability  International Commerce Is Complex  Determining Proper Forum (Court) Difficult  Laws Of Nations  Multilateral Agreements  Conflicting/Differing Laws Create Instability  International Commerce Is Complex  Determining Proper Forum (Court) Difficult Sources Of International Law- Private

18-7 United Nations  Security Council – 15 Members (5 Permanent)  United Nations Commission On International Trade Law (1966)  International Monetary Fund  World Bank  Security Council – 15 Members (5 Permanent)  United Nations Commission On International Trade Law (1966)  International Monetary Fund  World Bank

18-8 Uruguay (1994)  Created World Trade Organization  Principles All Members Equal In Trade All Members Equal In Trade No Favoring Of Domestic Over Imported Goods/Services No Favoring Of Domestic Over Imported Goods/Services Eliminate Trade Barriers Eliminate Trade Barriers  Created World Trade Organization  Principles All Members Equal In Trade All Members Equal In Trade No Favoring Of Domestic Over Imported Goods/Services No Favoring Of Domestic Over Imported Goods/Services Eliminate Trade Barriers Eliminate Trade Barriers Montevideo, Uruguay Harbor Courtesy of C. Bowles

18-9 World Trade Organization  Regulates World Trade- 125 Countries  Benefits Promote Peace Promote Peace Resolves Disputes Resolves Disputes Cut Cost Of Living Cut Cost Of Living Stimulate Economic Growth Stimulate Economic Growth Encourages Good Government Encourages Good Government  Recent US/European Concerns  Regulates World Trade- 125 Countries  Benefits Promote Peace Promote Peace Resolves Disputes Resolves Disputes Cut Cost Of Living Cut Cost Of Living Stimulate Economic Growth Stimulate Economic Growth Encourages Good Government Encourages Good Government  Recent US/European Concerns

18-10 Conventions On International Sale Of Goods  Effective 1988  Applies To Contracts For Commercial Sale Of Goods  Supercedes U.S. Commercial Code Freedom In Contract Negotiation- Not In Writing  Effective 1988  Applies To Contracts For Commercial Sale Of Goods  Supercedes U.S. Commercial Code Freedom In Contract Negotiation- Not In Writing

18-11 European Union  Treaty Of Rome (1957)  Single European Act (1987)- Remove Barriers To European Trade  Maastricht Treaty (1992)- Create Federal Government Commission Of Entire Union Commission Of Entire Union Coordinate Policies Of Members Coordinate Policies Of Members  Nice Summit (2000)- Added (2007) 12 Members To Original 15  Treaty Of Rome (1957)  Single European Act (1987)- Remove Barriers To European Trade  Maastricht Treaty (1992)- Create Federal Government Commission Of Entire Union Commission Of Entire Union Coordinate Policies Of Members Coordinate Policies Of Members  Nice Summit (2000)- Added (2007) 12 Members To Original 15

18-12 North American Free Trade Agreement (1993)  Between US/Mexico/Canada  Free Trade  Dispute Settlement  U.S. Has Trade Deficit With Both  Between US/Mexico/Canada  Free Trade  Dispute Settlement  U.S. Has Trade Deficit With Both

18-13 U.S. NAFTA International Trade Source: CIA World Factbook & U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch US$ Billions U.S. Trade Deficit U.S. Trade Deficit

18-14 Transacting International Business  Foreign Sales Irrevocable Letter Of Credit- Buyers Issuing Bank Irrevocable Letter Of Credit- Buyers Issuing Bank Bill Of Lading- Seller’s Confirming Bank Bill Of Lading- Seller’s Confirming Bank  License/Franchise  Direct Foreign Investment Foreign Subsidiary Foreign Subsidiary Joint Venture Joint Venture  Foreign Sales Irrevocable Letter Of Credit- Buyers Issuing Bank Irrevocable Letter Of Credit- Buyers Issuing Bank Bill Of Lading- Seller’s Confirming Bank Bill Of Lading- Seller’s Confirming Bank  License/Franchise  Direct Foreign Investment Foreign Subsidiary Foreign Subsidiary Joint Venture Joint Venture

18-15 Sources Of Foreign Direct Investment In The U.S. US$ Million Source: U.S. Bureau Of Economic Analysis

18-16 International Trade Risks  Loss Of Investment Expropriation- Confiscation Expropriation- Confiscation Nationalization- Power Of Eminent Domain Nationalization- Power Of Eminent Domain  Export Controls  Bribes- Foreign Corrupt Practices Act (1977)  U.S. Antitrust Conflicts  Loss Of Investment Expropriation- Confiscation Expropriation- Confiscation Nationalization- Power Of Eminent Domain Nationalization- Power Of Eminent Domain  Export Controls  Bribes- Foreign Corrupt Practices Act (1977)  U.S. Antitrust Conflicts

18-17  Suing Foreign Governments - Sovereign Immunity  Suing Foreign Firms- Hague Service Convention  International Arbitration  Suing Foreign Governments - Sovereign Immunity  Suing Foreign Firms- Hague Service Convention  International Arbitration Resolving International Disputes

18-18 Business Decision  Does XYZ Have Any Moral Or Legal Responsibility In This Case?  How Should XYZ Protect Itself Under These Circumstances?  Should American Business Practices Be Impacted By Conflicts Between Governments?  Does XYZ Have Any Moral Or Legal Responsibility In This Case?  How Should XYZ Protect Itself Under These Circumstances?  Should American Business Practices Be Impacted By Conflicts Between Governments?

Chapter McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 18 End of Chapter 18