As I read this weeks chapter I start to notice more and more on how countries continue to resolve conflict. I have learned three different ways that this can be achieved. The first one is through conciliation. This is also known as mediation. There is usually a third party to help dispute all conflicts and differences. The next step would be arbitration. This is usually done by … [Read more...] about Internal Dispute Resolution
Common law seems to me as law that has been interpreted in the past by higher courts. These interpretations are more traditional and are formed from past practices. Code law on the other hand is more set in stone and created by the governing body. These laws are created between three categories; commercial, Civil and Criminal. One example that sticks out is common law is … [Read more...] about Common vs Code vs Islamic Law
I was surprised to learn how countries have such varying views regarding genetically modified (GM) foods. The text explains that products that affect or are affected by health issues can be sensitive to political concerns. For example, all GM foods have been banned in Europe. This caused several fast food restaurant chains to also go GM-free. However, in the United States, … [Read more...] about Health Concerns About Genetically Modified Foods
I felt like this chapter talked a lot about international tourism, which is an interesting discussion given the state of our world at the moment. For example, the text states that following the 2009 economic crisis, the government helped promote American exports by changing visa rules to spur tourism. Many countries encourage firms to seek business ventures worldwide, including … [Read more...] about International Tourism
Having businesses in different countries is a risk in itself. You must begin to watch the government to make sure there are no political risk. A government can come in and take different actions against companies that may be doing something they shouldn't. One example is confiscation of assets of a company. The U.S has used this before on Fidel Castro when he was the dictator … [Read more...] about political risk of global business