IB0017 –International Business Environment and International Law

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ASSIGNMENT

DRIVE	FALL 2016
PROGRAM	Master of Business Administration- MBA
SEMESTER	Semester 4
SUBJECT CODE & NAME	IB0017 –International Business Environment and International Law
BK ID	B1909
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question.1. The legal environment of the host country affects a multinational company. Explain.

Answer:When thinking about the international business environment, concerns over economic, political, cultural, technological and regulatory conditions of your target markets will always crop up. The dynamics of the international business environment are driven by complex combinations of these factors. As such, it is always important to consider the implications of country-specific investment climate when making operational and strategic decisions for a multinational corporation.

Political Factors: Political factors concern government policies, laws and administrative orientations of different countries and regional economic

Question.2. Elaborate the objectives of the International Monetary Fund.

Answer:Article 1 of the Articles of Agreement (AGA) spell out 6 purposes for which the IMF was set up.

These are:

Question.3. List the provisions of the Warsaw Convention and the rules added in the Hague Protocol.

Answer:The Hague Protocol, officially the Protocol to Amend the Convention for the Unification of Certain Rules Relating to International Carriage by Air, is a treaty signed on September 28, 1955 in The Hague. It serves to amend the Warsaw Convention. While officially the Hague Protocol is intended to become a single entity with the Warsaw Convention, it has only been ratified by 137 of the original 152 parties to the Warsaw Convention. The binding version of the treaty is written in French, but certified versions also exist in English

Question.4. Write short notes on:

a. Export cartels

Answer:Export cartels are exempted from the competition laws of most countries. While some scholars and several WTO members have recently condemned such cartels, others have argued that they allow efficiency gains that actually promote competition and trade. This paper examines the various issues involved, with special reference to developing countries and to recent discussions on trade and competition policy. After summarising the contending views on export cartels, and also the scanty theoretical literature on the subject, it

b. Customs and tariffs

Answer:A tariff is a tax on imports or exports (an international trade tariff). In other languages and very occasionally in English, "tariff" or its equivalent may also be used to describe any list of prices (electrical tariff, etc.).

A customs duty or due is the indirect tax levied on the import or export of goods in international trade. In economic sense, a duty is also a kind of

Question.5. How does the TRIPs agreement protect IPRs? What are the 7 intellectualproperties defined in TRIPs?

Answer:The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement administered by the World Trade Organization (WTO) that sets down minimum standards for many forms of intellectual property (IP) regulation as applied to nationals of other WTO Members. It was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994.

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Send your semester & Specialization name to our mail id :

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