International Business Law Essay

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International Business Law Craig Richardson Devry University Busn 115 George Kaye 03-23-14 International Business Law The U.S. Government has many laws that are intended to keep businesses fair , balanced and competitive. The laws that are created allow businesses to expand internationally and keep the product competitive in a global market. According to, Bovee, Thill, Courtland L., John V. Business in Action, “ For as long as the United States has been in existence, people have been arguing over just how free the free market should be. In the broader view, this argument springs from profound philosophical differences over the role government should play in society as a whole. More narrowly, even professional economists don’t always agree on what role the government should play in the economy. Much of the debate about the government’s role can be framed as a question of regulation versus deregulation—having more rules in place to govern economic activity or having fewer rules in place and relying more on the market to prevent excesses and correct itself over time. Generally speaking, proponents of more regulation assert that companies can’t always be counted on to act in ways that protect stakeholder interests and that the market can’t be relied on as a mechanism to prevent or punish abuses and failures. Proponents of deregulation contend that government interference can stifle innovations that ultimately help everyone by boosting the entire economy and that some regulations burden individual companies and industries ... ... middle of paper ... ...ons in government official s . International trade law has many levels of trade and laws. There are bilateral trade agreements, regional trade agreements and multinational trade agreements. All these trade agreements have their history and policies to go by. Furthermore other countries have their own laws and policies that they go by In their country .The U.S. has its own trade laws to go by. I believe that Business laws do in fact keep business practices fair, balanced and competitive. Each law is designed to keep domestic and international businesses thriving in an ever changing market place. References 1. http://library.law.columbia.edu/guides/International_Trade_Law ReferenceWritten by Karin Johnsrud, edited by Silke Sahl 2. Bovee, Thill, Courtland L., John V. Business in Action. 6th Edition. Pearson Learning Solutions, 2012. VitalBook file. Bookshelf.

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