The continued operation of International business around the
world drives the academic platform to ratify its role in putting the
International business in a more functional state. The International competitiveness of a
country for example will derive its standards from the political and economic
status of given country.
In many cases sanction of countries in terms of political
and economic will happen when the decisive ruling from the UN member countries
will act as a body to interact with a given country that is not deem following
to the norms written by the UN council. On the other hand, embargo is also an
act that will prohibit a country to perform trade business with other WTO
member countries or UN members. Since
World War 1 and World War 2 the ratification of laws inside the UN council
keeps on changing which in that case the complexity between the decided law
will contradict greatly to the present and the future International economic
and trade laws.
Another law that is important in International Trade is the
antitrust law. This law will prohibit
monopolies of International Businesses in manipulating the International
markets allowing only the big players to dominate and suppress the small
players on the contrary.
Until today
corrupt practices across the International market affecting the International
supply chain are malignant in its nature.
Most of the host country in an International trade will do everything to
acquire and accommodate the foreign companies with a brighter economic motive
of increasing the GDP and buying power of the general public. Internal organizations such as ILO and WTO
must regulate the big International players in dominating and manipulating the
world market pricing in order to accommodate the small players to survive in
their local domestic markets.
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