International Law Book Notes I. Chapter I A. History of International Law i. “Nations ought to do to one another in peace‚ the most good‚ and in war‚ the least evil possible” –Montesquieu to Napoleon ii. Int. law predates several countries iii. Sovereignty: must provide incentives to get other countries to sign onto treaties iv. Shoot for customs to become law; litigate issues when there is no treaty or if the treaty falls short
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CHAPTER ONE: INTRODUCTION Clothing is one of life’s necessities‚ a part of our lives‚ something we cannot do without. Therefore‚ a new trade policy that lowers clothing prices‚ making much more variety accessible to the consumers‚ directly affects us all. Such a change took place at the beginning of 2005. The developed world‚ or more specifically‚ the U.S.‚ Canada‚ and the European Union (EU) discontinued most of their limits on imports of yarn‚ fabric‚ and clothing from developing countries. These
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BANGLADESH AND INTERNATIONAL TRADE A) Major Trade Partners of Bangladesh : Major trade partners of Bangladesh in terms of export and import are outlined below. Table : Export Trade Partners (in Million US$) | Year | Total |USA |UK |Germany |France |Netherlands |Japan | | 1985-86 | 819 |173 |46 |21 |7 |15 |61 | | 1990-91
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The Heckscher-Ohlin theory of comparative advantage was produced as an alternative to the Ricardian model and had an ideological mission: the elimination of the labor theory of value and the incorporation of the neoclassical price mechanism into international trade theory. The empirical validity of the Heckscher-Ohlin model and argues that most of the empirical work aimed at proving the validity of the model by focusing on its power to predict trade patterns is irrelevant. Moreover‚ the dynamic version
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International business management refers to the effective management of business transactions that are to be performed across various countries. This is done to satisfy the objectives of people and organizations. Thus a firm should be aware of various issues while entering foreign markets. There are key political‚ cultural‚ social‚ legal and environmental issues that every organization must fully cover to ensure the smooth running of its business in foreign shores. Failure to do so may lead to may
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1. How important are PLESTE factors in terms of international marketing The PLESTE (Political‚ Legal‚ Economic‚ Social/Cultural‚ Technological and Environmental) factors determine the success or failure of any company when moving into international market either through Joint venture‚ acquisition‚ partnership or any other. It also determines how well the company can easily localise its products and services and gain market or cost leadership position. Political factors refer to government policy
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Ch.4: Culture Monday‚ May 20‚ 2013 2:01 PM -Interpret pictures differently -different countries have different perceptions of Americans -Polychronic- "without schedule" -Monochonic- with schedule -Direct culture- communicated through words -Indirect culture- message is not implicated by words but by things in context -High Context- body language‚ silence‚ behavior ‚ collectivism‚ polychronic -low context- predominantly through explicit statements in text or speech ‚ with feeling‚
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International Business 1. Q: List elements of the national business environment that influence the standardization-versus-adaptation decision. Standardized is just one of a number of strategies with which firms successfully enter the international marketplace today. Standardization may not always be the most appropriate strategy‚ even. Smaller companies may also be better off adapting to local cultures and exploiting their international image to gain market share locally. Consumers in different
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economies are expected to grow at 1.9 per cent in 2012 while the emerging and developing economies to grow at 6.1 per cent. The projected growth rates in different countries are expected to determine the markets for our exports. As per WTO’s International Trade Statistics‚ 2010‚ in merchandise trade‚ India is the 20th largest exporter in the world with a share of 1.4 per cent and the 13th largest importer with a share of 2.1 per cent in 2010. The year 2011 has been a difficult year with Japan
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ORIGINS OF INTERNATIONAL LAW PRELUDE: Man is a social animal‚ in the past it has been living in caves‚ as the time passed man gradually became civilized and started living in communities. In past there were no laws and rules to be followed by the human being. In the long march of mankind from the cave to the computer a central role has always been played by the idea of law- the idea that order is necessary and chaos inimical to a just and stable existence. Every society has a framework of
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