"The law of comparative advantage forms the basis of international trade discuss the above" Essays and Research Papers

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    International trade has a great potential to uplift the lives of people in developing countries as well as increasing profits for companies in the developed world. It can also have environmental consequences if the transactions are not consciously provisioned. This potential can flourish when countries come to a common agreement on trade laws that protect against the damages that using these products can bring upon the local community. Pesticide use for agriculture and disease control has been

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    International Law Notes

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    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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    Nature and scope of private international law Private international law is a set of procedural rules which determines which legal system‚ law of’ which jurisdiction‚ applies when legal dispute has a "foreign element"‚ such as contract agreed by parties located in different countries. It is a branch of English law known as the ’conflict of laws’. By a foreign element is meant simply a contact with some system of law other than English law‚ it has three main objects: Firstly‚ to prescribe the conditions

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    International Law Notes

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    International Law Reading Notes: Ch. 3: Sources * There is no single body to create laws internationally binding upon everyone nor a proper system of courts with comprehensive and compulsory jurisdiction to interpret and extend the law. * Sources: provisions operating within the legal system on a technical level * Reason and morality are excluded as well as functional sources * Survey of process whereby rules of international law emerge * Article 38 of the Statute of

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    SUBJECTS OF INTERNATIONAL LAW - STATES I. Traditional Subjects of International Law A. States In addition to controlling territory‚ States have lawmaking and executive functions. States have full legal capacity‚ that is‚ they have the ability to be vested with rights and to incur obligations. B. Insurgents Insurgents are a destabilizing factor‚ which makes States reluctant to accept them‚ unless they show some of the attributes of sovereignty (e.g. control of a defined territory). Their

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    focus on international law being an effective tool for the resolution of international disputes. Timely resolutions and unbiased resolutions are factors that determine effective dispute resolution. The definition and concept of international law‚ effective aspects of international law‚ and certain limitations of international law will be discussed in this essay. Furthermore‚ case studies will be provided to support the argument and to demonstrate the procedures of resolving international disputes

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    support that international trade has been a pivotal economic advancement within our country‚ “Today‚ the $12 trillion U.S. economy is bolstered by free Trade‚ a pillar of America’s vitality” (Markheim). US international trade is mainly composed of the theory of comparative advantage‚ where a country is specializing in producing a specific good more efficiently than another country at a lower opportunity cost (Fontinelle). Using the theory of comparative advantageinternational trade has proven its

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    specific example of each type of flow. ANSWER: The four major economic flows are: the flows of goods and services (trade flows); the flows of capital equipment and labor (resource flows); the flows of information and technology; and the financial flows (money). The financial flows provide the money necessary to pay for exports and imports. Question 2 How important is international trade to the U.S. economy? In terms of the total volume of exports and imports‚ what country is the United States’ most

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    International Customs Law

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    customs jurisdiction and powers vis-a-vis international law obligations remain thorny issues in customs operations. Powers that customs can exercise can be limited by international law through conventions and treaties which a state becomes party to especially where people can claim immunity or where vessels are on the high seas and in international waters. International conventions such as the Vienna Convention on Diplomatic Relations‚ the UN Convention on the Law of the Sea and United Nations Convention

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    International Law Terrorism

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    International Law and Terrorism Some ‘Qs & As’ for Operators By Colonel Charles J. Dunlap‚ Jr.‚ USAF * The events of 11 September 2001 present military lawyers—like the rest of the U.S. armed forces—with a variety of new challenges. Indeed‚ the war on terrorism raises complex legal issues (not the least of which is whether it is a “war” at all!). As difficult as it may be to determine what law applies to a particular question‚ the even more challenging task is to translate the legal analysis

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